Google Inc. (GOOG) CEO Heads $51M in Insider Sales Monday

As Google Inc. (NASDAQ:GOOG) stock surged Monday, CEO Larry Page and two other company insiders combined to make 14 different sale transactions by the end of business, dumping more than 78,000 shares with an aggregate value of about $51 million.  This would probably be something of note for many hedge funds, as Google is the second-most popular stock holding among hedge funds – which includes Jeffery Altman’s Oak Creek Asset Management, which took a $254 million stake in Google stock in the first quarter of 2012.  

Google Inc (GOOG)

As Google Inc. (NASDAQ:GOOG) stock made its big move yesterday, Page made several transactions, according to SEC filings, where he got rid of more than 27,000 shares (about 25 percent of his holdings) over nine separate transactions that ranged from $651 to more than $658 per share – which came to an aggregate value of about $17.6 million. He finished the day with 80,000 shares.

Ram Shriram, a member of the Google Inc. (NASDAQ:GOOG) board of directors, consummated three sales of more than 50,000 shares  at about $650.10 a share, which came to about $32.6 million in value. He gave up about 20 percent of his holdings, and still has more than 200,000 shares in his holdings.

John Hennessy, another member of the Google Inc. (NASDAQ:GOOG) board, made two sales of 25 shares each at $650 a share, for $32,500 in value. He still has more than 1,200 shares in his holdings.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!