Alphabet Inc. (GOOG) Files Form 4 Insider Selling : Sundar Pichai Sells 4,000 Shares

Alphabet Inc. (GOOG): Sundar Pichai , CEO, Google Inc. of Alphabet Inc. sold 4,000 shares on Jul 6, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $695.12 per share for a total value of $2,763,778.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Sundar Pichai (CEO, Google Inc.) sold 4,000 shares at $695.12 per share price.On Jul 5, 2016, Sergey Brin (President) sold 33,347 shares at $702.59 per share price.Also, On Jun 28, 2016, Lawrence Page (director officer 10% owner (Chief Executive Offic) sold 33,340 shares at $688.78 per share price.On Jun 13, 2016, David C Drummond (SVP, Corporate Development) sold 5,000 shares at $723.16 per share price.

Shares of Alphabet Inc (GOOG) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -4.72 points or -0.68% at $694.49 with 14,62,616 shares getting traded. Post opening the session at $696.06, the shares hit an intraday low of $688.88 and an intraday high of $696.94 and the price vacillated in this range throughout the day. The company has a market cap of $476,806 M and the number of outstanding shares has been calculated to be 68,65,55,230 shares. The 52-week high of Alphabet Inc is $789.8699 and the 52-week low is $515.18.

Alphabet Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Alphabet Inc is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 825 from a previous price target of $910 . The Rating was issued on Apr 22, 2016.Alphabet Inc is Upgraded by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 970 from a previous price target of $800 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 11, 2016.

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection include Calico Google’s health and longevity effort; Nest its connected home business; Fiber its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital and incubator projects such as Google X. These will be managed separately in Alphabet. On October 2 2015 Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement) dated as of October 2 2015 among Google Alphabet and Maple Technologies Inc. a Delaware corporation (Merger Sub) which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger Merger Sub a direct wholly owned subsidiary of Alphabet and an indirect wholly owned subsidiary of Google merged with and into Google with Google surviving as a direct wholly owned subsidiary of Alphabet.

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