Rakesh Khanna (Insider Trades), Interim CEO and President of Syntel Inc. (SYNT), acquired 5,850 shares of the company on December 5, 2016. The average price per share was $20.00, for a total transaction of $117,000. Syntel Inc., an information technology and knowledge process services company for Global 2000 companies, has a market cap of 1.67 billion.
The number of SYNT insider sells increased each year from 2013 to 2015 while the total volume of insider shares sold each year decreased. In 2013, there were 31 insider sells totaling 170,684 shares in 2013. In the following year, there was one more insider sell, however the total number of insider shares sold amounted to 132,068, and in 2015, there were 37 insider sells totaling 109,352 shares. There were no insider sells of the company from 2013 to 2015, however, SYNT insiders purchased 35,647 shares in 6 transactions in 2016 to date. Including Khanna’s aforementioned transaction, Khanna purchased 5,850 shares in 2 transactions and sold a total of 19,950 shares of the company since 2013. SYNT Chief Administrative Officer, Daniel Moore (Insider Trades), purchased 4,297 shares of the company for an average per share price of $19.99 on December 5, 2016. For more information about insider transactions with SYNT, click here. Continue Reading »