A Director at Zayo Group Holdings (NYSE: ZAYO) is Selling Shares

Yesterday, a Director at Zayo Group Holdings (ZAYOResearch Report), Richard Connor, sold shares of ZAYO for $490.1K.

Following Richard Connor’s last ZAYO Sell transaction on June 16, 2016, the stock climbed by 5.6%. This is Connor’s first transaction since reporting a Sell transaction on AR back in November 2018

See today’s analyst top recommended stocks >>

ZAYO’s market cap is $7.69B and the company has a P/E ratio of 60.19. Currently, Zayo Group Holdings has an average volume of 1.89M.

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $34.86, reflecting a 6.7% upside.

The insider sentiment on Zayo Group Holdings has been negative according to 64 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zayo Group Holdings, Inc. engages in the provision of bandwidth infrastructure services in the U.S. and Europe. It operates through the following segments: Fiber Solutions, Transport, Enterprise Networks, Colocation, Allstream, and Other. The Fiber Solutions segment include dark fiber and mobile infrastructure solutions.