CEO bought $10M of stock

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.

We’ve entered earnings season, so the insider trades are slowing down as many insiders are in blackout periods.

This week we found:

• CEO at $BHVN bought $10M of the stock

• A director at $SBGI bought the stock after it fell 30% this year

• A director at $AEHR bought the stock for the first time since 2014

👀 Top Insider Trades this Week

🥇 Vlad Coric - CEO at BHVN (link)

They had a public offering where they raised $225M at $22/share. The CEO, CFO, and two directors all participated and bought a little over $20M combined.

Historic Returns and Win Rate

• Overall: 95% returns with a 100% win rate (5/5 trades)

• 1-year: 131% returns with a 100% win rate (2/2 trades)

• 90-day: 59% returns with a 100% win rate (5/5 trades)

Purchase Data (this week)

• Total Amount Purchased: $9,999,990

• Purchase Price: $22

• Current Price: $26.32 (+20%)

Rating

• Rating: 8

• Why: Unfortunately, he was able to buy the stock at a little bit of a discount due to the public offering, but he made the largest purchase he has ever made and has killer returns and win rates.

🥈 Howard Friedman - Director at SBGI (link)

The stock is down over 30% this year, and he made his second purchase ever this week. The only purchase he made previous to this was when the stock crashed during COVID.

Historic Returns and Win Rate

• Overall: -11% returns with a 0% win rate (0/1 trades)

• 1-year: 35% returns with a 100% win rate (1/1 trades)

• 90-day: 96% returns with a 100% win rate (1/1 trades)

Purchase Data (this week)

• Total Amount Purchased: $117,035

• Purchase Price: $9.71

• Current Price: $10.30 (+6%)

Rating

• Rating: 6

• Why: The stock is down significantly this year, this purchase is 5x larger than his other one, and it increased his holdings by 28%. With only one previous trade, there isn’t enough history to rate it any higher

🥉 Howard Slayen - Director at AEHR (link)

He just made his first public purchase of the stock since 2014

Historic Returns and Win Rate

• Overall: 1600% returns with an 80% win rate (4/5 trades)

• 1-year: 33% returns with a 60% win rate (3/5 trades)

• 90-day: 50% returns with an 80% win rate (4/5 trades)

Purchase Data (this week)

• Total Amount Purchased: $28,140

• Purchase Price: $40.20

• Current Price: $38.31 (-5%)

Rating

• Rating: 6

• Why: He hasn’t purchased the stock since 2014 and the stock is up 1600% since then (shoutout Howard for those returns). He has good returns, a good win rate, and the purchase amount is average for him. However, the score is still fairly low because the stock is up 100% this year, the purchase size isn’t large, and he doesn’t have much history.