Recent Insider Activity: Sothebys

Sothebys (NYSE:BID) insider has recently participated in insider trading activity. Interim CFO, WEIBLING DENNIS M bought 2,000 shares for $39,937 via one transaction Feb 12. Following the transaction, the insider now owns 67,000 shares in total, priced at $1357420 as of Friday. Another notable insider trading was done by the same insider on Feb 11. WEIBLING DENNIS M acquired 2,000 shares at an average price of $20.01 for a total of $ 40,017. Moreover, this insider carried out a sale of 2,000 shares at $23.29 each on Feb 08. The transaction amounted to $ 46,584. The insider also bought 2,000 shares for $ 47,953 through one transaction Feb 05.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 0 sell activities and 16 buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 18 of these trades, the insider was a seller while an employee of the company was the buyer in just 44 instances.

On February 12, 2016 Sotheby’s (BID) will be holding its fourth quarter ended 31 December 2015 earnings conference call on Friday, 26 February 2016 at 9:00 AM EST. The call will be hosted by Tad Smith, President and Chief Executive Officer, and Dennis Weibling, Interim Chief Financial Officer.  The call will consist of a brief discussion by the Company followed by a question and answer period.

Domestic callers should dial 888-371-8897 and international callers should dial 970-315-0479.  The call reservation number is 51884046.  Please establish a line approximately 10 minutes prior to the scheduled start of the call.

Sotheby’s operates as an auctioneer of authenticated fine art, decorative art, and jewelry in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company operates through two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, and jewelry through the auction or private sale process. It is also involved in the purchase and sale of artworks; and operation of an auction house for investment-quality automobiles. The Finance segment offers art-related financing services to various collectors and art dealers. This segment provides secured loans, including advances secured by consigned property to borrowers who are contractually committed to sell the property in the near term; and general purpose term loans secured by property not presently intended for sale.