Top insider trades (Mon, Jun 8)

Today’s Largest Unscheduled Trades

There were 262 new insider trades filed.

1 insider trade was flagged as High Signal (and added to the CEO Watcher Portfolio). It’s a health-care equipment company that has been clobbered this year, but is now trading at its lowest valuation ever, has increased its buybacks, and has multiple insiders buying the dip. I also share my notes on why I passed on ADT, even though it is trading extremely cheaply and returning a lot of cash to shareholders.

Our system gave 1 insider purchase a high score (I shared our system’s notes on those in the High Scoring Purchases - Quick Notes).

We also found 2 insider purchases from insiders who average 20%+ 1y returns.

CEO Watcher Premium subs can see those notes in later sections of this email.

Today’s largest unscheduled insider trades:

• 10% Owner (DART KENNETH BRYAN) at Flutter Entertainment plc $FLUT purchased $9.46M. Dip Buy: the stock was down -51% in the previous 6 months. 7 other insiders also purchased the stock in the last 30 days. Is part of a dividend reinvestment.

• Director (Neto Olimpio Matarazzo) at Patria Investments Ltd $PAX purchased $1.13M (largest purchase ever, out of 5). This increased their listed holdings by 17%. This insider has purchased the stock 5 times in the last 30 days. Appears to be regularly scheduled weekly transaction.

• Director (LEVY PAUL S) at ContextLogic Holdings Inc. $LOGC purchased $899.62K (8th largest purchase, out of 11). This increased their listed holdings by 18%. 1 other insider also purchased the stock in the last 30 days.

• Chairman and CEO at Biglari Holdings Inc. $BH purchased $658.79K (116th largest purchase, out of 210). This insider has purchased the stock 2 times in the last 30 days.

• 10% Owner (Aqua Capital, Ltd.) at ENERGIZER HOLDINGS, INC. $ENR purchased $658.15K (3rd largest purchase, out of 7). This insider has purchased the stock 4 times in the last 30 days. Appears to be regularly scheduled weekly transaction.

• 10% Owner (SCULLY WILLIAM P) at PROTHENA CORP PUBLIC LTD CO $PRTA purchased $465.30K (3rd largest purchase, out of 9). This insider has purchased the stock 3 times in the last 30 days.

• Director (Haveli Investments, L.P.) at Blend Labs, Inc. $BLND purchased $421.33K (13th largest purchase, out of 15). Dip Buy: the stock was down -56% in the previous year. This insider has purchased the stock 5 times in the last 30 days. Appears to be regularly scheduled weekly transaction.

• President and CEO at Aldeyra Therapeutics, Inc. $ALDX purchased $418.45K (largest purchase ever, out of 10). This increased their listed holdings by 16%. Dip Buy: the stock was down -64% in the previous 3 months. Their last purchase was 1439 days ago.

• Director (Barnwell Julian Forrest Jr.) at Burke & Herbert Financial Services Corp. $BHRB purchased $313.80K (5th largest purchase, out of 21). 1 other insider also purchased the stock in the last 30 days.

• Director (Quinn William J) at INFINITY NATURAL RESOURCES, INC. $INR purchased $138.64K (5th largest purchase, out of 5). Dip Buy: the stock was down -21% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• Chief Executive Officer at Offerpad Solutions Inc. $OPAD purchased $97.40K. Dip Buy: the stock was down -59% in the previous 6 months. This insider has purchased the stock 2 times in the last 30 days.

• CLO & Secretary at CAVA GROUP, INC. $CAVA purchased $70.00K (2nd largest purchase, out of 7). This increased their listed holdings by 16%. Dip Buy: the stock was down -20% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• Chief Executive Officer at SmartRent, Inc. $SMRT purchased $69.08K (29th largest purchase, out of 35). Dip Buy: the stock was down -23% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• Director (DANHAKL JOHN G) at Life Time Group Holdings, Inc. $LTH sold $63.17M (15th largest sale, out of 21). This decreased their listed holdings by -16%. 8 other insiders also sold the stock in the last 30 days.

• Director (Ittycheria Dev) at Datadog, Inc. $DDOG sold $34.33M (7th largest sale, out of 74). This decreased their listed holdings by -37%. Rip Sell: the stock was up 60% in the previous month. Their last sale was 812 days ago. 11 other insiders also sold the stock in the last 30 days.

• President, Semi. Products Grp. at APPLIED MATERIALS INC /DE $AMAT sold $25.26M (largest sale ever, out of 4). Rip Sell: the stock was up 22% in the previous month. Their last sale was 713 days ago. 3 other insiders also sold the stock in the last 30 days.

• Chairman and CEO at MP Materials Corp. / DE $MP sold $12.80M (13th largest sale, out of 19). Rip Sell: the stock was up 128% in the previous year. 2 other insiders also sold the stock in the last 30 days.

• CEO & President at TJX COMPANIES INC /DE/ $TJX sold $10.69M (largest sale ever, out of 73). This decreased their listed holdings by -11%. 2 other insiders also sold the stock in the last 30 days.

• SEVP - Group President at TJX COMPANIES INC /DE/ $TJX sold $4.95M (largest sale ever, out of 13). This decreased their listed holdings by -22%. Their last sale was 731 days ago. 2 other insiders also sold the stock in the last 30 days.

• Director (Slusky Alexander R) at Rocket Lab Corp $RKLB sold $4.94M (5th largest sale, out of 6). Rip Sell: the stock was up 39% in the previous month. 4 other insiders also sold the stock in the last 30 days.

• Executive Chairman at CAMDEN PROPERTY TRUST $CPT sold $3.37M (18th largest sale, out of 33).

• Director (Neal Stephen C) at NVIDIA CORP $NVDA sold $3.34M (2nd largest sale, out of 2). Rip Sell: the stock was up 11% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• President at Unusual Machines, Inc. $UMAC sold $3.00M (largest sale ever, out of 7). This decreased their listed holdings by -28%. Rip Sell: the stock was up 137% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• EVP, CFO at CLEVELAND-CLIFFS INC. $CLF sold $2.87M (first-ever sale). This decreased their listed holdings by -53%. Rip Sell: the stock was up 27% in the previous month. Reversal: they made 7 straight purchases before this sale.

• Director (Csiszar Ernst N) at MASTEC INC $MTZ sold $2.41M (largest sale ever, out of 10). This decreased their listed holdings by -37%. Rip Sell: the stock was up 65% in the previous 6 months. 1 other insider also sold the stock in the last 30 days.

• Chief Operating Officer at RALPH LAUREN CORP $RL sold $2.34M (first-ever sale). This decreased their listed holdings by -42%. 1 other insider also sold the stock in the last 30 days.

• CEO at ONESPAWORLD HOLDINGS Ltd $OSW sold $2.16M (11th largest sale, out of 67). This insider has sold the stock 3 times in the last 30 days.

• Chief Technology Officer at Infleqtion, Inc. $INFQ sold $2.13M (first-ever sale). Rip Sell: the stock was up 20% in the previous month. 5 other insiders also sold the stock in the last 30 days.

• and more…

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