Earnings Ahead, Insider Selling Behind

Here at Inside Scoop, we're always starving for the latest news about insiders. According to our sources at InsiderScore, three companies reporting earnings tomorrow have seen some noteworthy insider moves.

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At Cognizant Tech Solutions (CTSH), InsiderScore notes that selling continued after the business consulting and IT solutions company reported its third quarter earnings and the shares hit a 14-year high of $54. InsiderScore writes:

While much of the recent selling followed the vesting of restricted shares, a neutral event, there were a few transactions of note, including those of CFO Karen McLoughlin. She continued small sales of less than 1,500 shares apiece via her 10b5-1 plan, but she also accelerated to exercise-and-sell 10,000 shares. That followed a similar 10,000 exercise-and-sale in November. While the first quarter 2014 selling at wasn't as aggressive as fourth quarter 2013 selling was, McLoughlin's price-triggered sale showed continued opportunism and that's a negative development.

Cognizant Technologies will report tomorrow before the open.

Up next is GT Advanced Technologies (GTAT), a manufacturer and marketer of materials for optical, laser and solar applications. Highlights for the quarter here include CEO Thomas Gutierrez, who sold and exercised-and-sold 461,300 shares for $8 million, and General Counsel Hoil Kim, who exercised-and-sold 222,800 shares for $3.3 million through 10b5-1 planned sales and regular sales. InsiderScore comments:

After more than a year with only minimal insider activity at GT Advanced Technologies while shares traded in the single digits, sellers emerged and turned aggressive as shares broke solidly through the $10.00 and then $15.00 levels. The activity represented a notable acceleration in 10b5-1 selling, led by the CEO, whose sales mirrored similar, opportunistic behavior in 2011.

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GT Advanced Technologies reports tomorrow after the close.

Finally, Triumph Group (TGI), a provider of office equipment and business solutions, will also report after the close tomorrow. InsiderScore writes:

CEO Jeffry Frisby demonstrated a notable change in behavior in late January, transacting his first purchase ever following an earnings miss that sent the stock tumbling more than 10%. A director also bought, creating a positive valuation signal.

Frisby bought 3,000 shares of the company for $205,400 and John G. Drosdick, a director, bought 5,000 shares for $341,300.

Triumph Group has ticked up 0.1% to $66.09 at 3:35 p.m., while GT Advanced Technologies has dropped 2.8% to $16.21 and Cognizant Technologies is up 0.3% at $49.41.

We'll see you over at Inside Scoop.