Apollo Group (APOL) Sees Insider Selling Following Strong Qtr Results

January 21, 2009 10:43 AM EST

After the close, there were a number of insider sales disclosed at Apollo Group Inc. (Nasdaq: APOL):

- Founder/Chairman, John Sperling, sold 250,000 shares on 1/15-1/16 at prices from $87.40-$89.27. His stake is 17,435,937 shares after the sale.

- Officer and Director, Peter Sperling (son of founder John Sperling), sold 250,000 shares on 1/15-1/16 at prices from $87.99-$89.26. His stake is 8,398,886 shares after the sale.

- President/CFO/Treasurer Joseph L. D'Amico exersiced options on 166,667 shares on 1/15 at $58.03 and sold the shares at $87.32, also on 1/15. His stake is 21,160 shares after the sale

- Officer William Pepicello exersiced options on 40,000 shares on 1/15 at $51.33 and sold the shares at $87.36, also on 1/15. He has 2,570 shares after the sale.

Apollo Group recently reported solid Q1 results. The company's results are being driven in part by the current economy, which is having a positive impact as more and more people learn new skills to gain employment.

There has historically been some selling from Founder/Chairman John Sperling following quarterly results.

Apollo Group has bucked the market trend over the last year, rising 12% versus a decline of nearly 39% for the S&P 500.

Recently, Citron Research issued a cautious report on Apollo Group, saying a lawsuit brought by students regarding student loans could damage the company.

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