Best CEO trades this week (August 25)

Sorry, this came out so late! I had to switch one of the APIs I was using and it turned out to be a struggle.

Welcome to this week’s edition of CEO Watcher. This is the only tool that tracks the returns of insiders so we know which insider trades are worth copying.

This week we found:

• A 10% owner that averages 100% 90-day returns

• The CEO at FRD has 50% 1-year returns

• A director with 40% 90-day returns

👀 Top Insider Trades this Week

🥇 Andrew Africka - 10% at CVV (link)

Pretty sweet last name! He just started buying the stock less than a year ago, but his 90-day returns have been killer so far. His previous purchases were all at the end of 2022 for between $5 and $6. Then in the beginning of 2023, the stock exploded and touched $15 briefly before falling again.

Historic Returns and Win Rate

• Overall: 30% returns with a 100% win rate (4/4 trades)

• 1-year: N/A

• 90-day: 99% returns with a 100% win rate (4/4 trades)

Purchase Data (this week)

• Total Amount Purchased: $292,871

• Purchase Price: $6.52

• Current Price: $7.23 (+11%)

Rating

• Rating: 8

• Why: The only thing holding this back is the lack of history. He has only made 4 previous trades and they were all within the same few-month period before the stock exploded in 2023. However, his returns are killer and the stock has fallen over 50% since its peak in early 2023. It’s also his largest purchase (by ~$90k)

🥈 Mike Taylor - CEO at FRD (link)

He bought the stock twice this week after it started dipping.

Historic Returns and Win Rate

• Overall: 83% returns with a 94% win rate (16/17 trades)

• 1-year: 47% returns with a 75% win rate (9/12 trades)

• 90-day: 2% returns with a 50% win rate (8/16 trades)

Purchase Data (this week)

• Total Amount Purchased: $150,091

• Purchase Price: $14.60

• Current Price: $13.60 (-7%)

Rating

• Rating: 8

• Why: His short-term returns aren’t good, but he has pretty great long-term returns, the purchases this week were his largest (almost 2x bigger than his second-biggest purchase), and the stock is down 17% in the last month (though it did go up 90% between June and August, so it is still up about 40% in the last few months).

🥉 Corning Painter - Director at OEC (link)

He made a couple of purchases this week that total up to over $800k, making this week his biggest purchase week ever.

Historic Returns and Win Rate

• Overall: -10% returns with a 30% win rate (3/10 trades)

• 1-year: 37% returns with a 70% win rate (7/10 trades)

• 90-day: 7% returns with a 50% win rate (5/10 trades)

Purchase Data (this week)

• Total Amount Purchased: $323,850

• Purchase Price: $21.59

• Current Price: $21.71 (+0%)

Rating

• Rating: 5

• Why: His 1-year returns and win rate are pretty decent, but this is just an average-sized purchase, the stock hasn’t crashed at all, and the rest of his returns aren’t great.

💰 Other Insider Trades

Kelcy Warren - Exec COB at $ET (link): His returns are terrible (-40% 1-year returns on 40 purchases), but he made a huge $39M purchase this week.

Dustin Moskovitz - CEO at $ASAN (link): He just keeps buying shares. This week was a pretty big week as he bought over $17M of stock (his typical weeks have been ~$3.5M).