📈👀 Top CEO Trades this Week (August 18)

Welcome to this week’s edition of CEO Watcher. We track the trades of the insiders with the best historic returns so we can buy their stock when they do.

This week we found:

• CEO at $TGTX bought $1M of stock

• 4 insiders at $HQI bought the stock

• A 10% owner at Expensify increased his holdings by 20%

👀 Top Insider Trades this Week

🥇 Michael Weiss - CEO at $TGTX (link)

This is Michael’s first time buying the stock since 2014. He hasn’t made a ton of purchases in the past, but his one-year returns are stellar.

Historic Returns and Win Rate

• Overall: 71% returns with a 60% win rate (3/5 trades)

• 1-year: 119% returns with an 80% win rate (4/5 trades)

• 90-day: 19% returns with a 60% win rate (3/5 trades)

Purchase Data (this week)

• Total Amount Purchased: $1,013,000

• Purchase Price: $10.13

• Current Price: $10.34 (+2%)

Rating

• Rating: 8

• Why: Not much history, but pretty good win rates and killer 1-year returns. He is also buying the dip as the stock got cut in half at the beginning of this month after poor earnings.

🥈 Edward Jackson - Director at HQI (link)

He has bought the stock 6 times since May and his purchase this week was 5x bigger than the previous five.

The CEO and two other directors also bought the stock this week.

Historic Returns and Win Rate

• Overall: 107% returns with a 100% win rate (21/21 trades)

• 1-year: 161% returns with a 100% win rate (16/16 trades)

• 90-day: -3% returns with a 19% win rate (4/21 trades)

Purchase Data (this week)

• Total Amount Purchased: $253,660

• Purchase Price: $18.12

• Current Price: $19 (+5%)

Rating

• Rating: 7

• Why: He bought the dip after the stock fell 24% after poor earnings. His 90-day returns are awful, but he has killer 1-year returns and this purchase is 5x larger than any of his previous purchases.

🥉 Steven McLaughlin - 10% Owner at $EXFY (link)

Steve is the founder of FT Partners and has bought a bunch of Expensify stock in the last two weeks after the stock got crushed due to poor earnings (down 40%).

Historic Returns and Win Rate

• Overall: N/A (these were his first public purchases)

• 1-year: N/A

• 90-day: N/A

Purchase Data

• Total Amount Purchased: $7,398,666

• Purchase Price: $5.02

• Current Price: $4.56 (-10%)

Rating

• Rating: 5

• Why: I can’t give him a higher rating than this because he has no historical returns, but he did increase his stake in Expensify by over 20% and bought the 40% dip after earnings.

💰 Other Insider Trades

John David Risher - CEO at $LYFT (link): He became CEO in May and made his first purchase of the stock this week. He purchased $1,146,300 at $11.46/share.

Christopher Concannon - CEO at (link): Another CEO that bought the stock for the first time. He purchased $1,018,060 at $238.42/share.