Insider Observations In those Insider Observations we look not only into weekly insider transactions and current sentiment, but sum up some trends and express our opinion on the rules surrounding 10b5-1 plans, which were implemented in October 2000. This is a short summary of our Highlights report for the US market which we send to […]
Fireeye Inc – (FEYE, +1, Sep 14th) We ranked this stock +N on August 12th based on purchases of $440,000 from William Robbins (Chief Revenue Officer, joined 2016), and $178,000 from John Watters (COO, joined 2016), both around $17 per share. Since that rank, Watters has purchased an additional 90,000 shares, spending $1.6 million at […]
Insider Observations It was a surprisingly busy week for insider activity in which we upgraded 13 stocks mostly in the Financial, Technology, Industrials sectors. We also downgraded 4 stocks, when 3 of them were from Consumer Discretionary. Interesting that out of the 13 upgrades, 5 we already had ranked prior to the week but additional […]
Insider Observations We downgraded 4 stocks this past week, upgraded 6. We lead with this sentence because “4” is the most number of downgrades we have had for many weeks. Insider sentiment has been deteriorating but that shift hadn’t generated many downgrades until this past week. Insider trading volume has begun declining ahead of 3Q […]
Robert Campbell (Enstar Group Chairman since 2011, joined in 2007) purchased $447,760 of stock on September 3rd at $223.88. Whilst this is a small addition to his holding of 163,306 shares, this purchase is notable as it is his largest and the highest price he has paid. It also represents a reversal from a timely […]
Cano Health Inc – (CANO, +1, Sep 1st) Marlow Hernandez (CEO since 2009) purchased 1.576 million shares at a cost of $16.9 million in a series of stock buys during August 2021, at an average price of $10.73. As at the prospectus he owned 21.9 million Class B shares. Richard Aguilar (Chief Clinical Officer since […]
Reshma Kewalramani (Vertex Pharmaceutical Inc CEO since 2020, joined 2018) purchased $2.0 million of stock on the 19th August at $195.65, increasing his holding by 16%. This is a notable trade as it is his first buy since joining the company and he has been a regular seller of options and stock via 10b5-1 program […]
Insider Observations The pace of insider buying slowed this past week from 23rd to 27th August 2021, however insider sentiment remains neutral with five sells for every four buy trades. We reviewed far fewer interesting buys, likely a combination of higher stock prices (Russell 2000 +5% on the week, S&P 500 +1.5%), buyer fatigue, early […]
Parsons Corp – (PSN, +1, Aug 19th) George Ball (CFO since 2008) purchased $874,000 of stock on the 16th August at $34.95, increasing his holding by 14%. His 3 previous buys since the company’s IPO in May 2019 at $27 have been well timed, most recently buying at $30.25 in November 2020. His record at […]
Insider Observation Insiders (senior management and execs trading shares in their companies) in the U.S. are keeping us busy, especially those filling out the green order tickets. We upgraded 19 stocks where we see notable insider activity, with no downgrades. To come up with those 19 newly ranked stocks we analyzed approximately 150 insider purchases […]