Top insider trades (Oct 6 - 10)

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 tracked 684 insider trades and found:

  • Core Scientific (CORZ) is up over 70% since we found one of the best insiders in our database buying the stock

  • The CFO and CLO at FactSet are buying the dip while the stock trades at its lowest P/E since 2008

  • A director at Scholar Rock Holdings (SRRK) bought $18M of the stock

  • and more…

Have a great weekend and thanks for reading!

Connor

P.S. Make sure to follow @CEOStockWatcher on Twitter/X as I post more interesting insider trades there each day.

💰 Previous Winner

Core Scientific (CORZ) is up 73% since we found one of the very best investors in our database buying the stock in the May 30th email.

It opened at $10.64 and is up to $18.45 (+73%).

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👀 Top Insider Trades this Week

🥇 Director at Scholar Rock Holding Corporation ($SRRK)

SRINIVAS AKKARAJU (Director) at Scholar Rock Holding Corporation ($SRRK) purchased 500,439 shares at $37.58/share ($18.81M total) which increased their vested holdings by +8.8%. The current price is $39.65 (+5.5%). Their median purchase size is $6.43M and this is their 1st largest purchase out of 19 all time. link

Historic Returns
1m returns: +3.8% weighted | 29% win rate (4/14)
3m returns: +12.9% weighted | 36% win rate (5/14)
6m returns: +18.4% weighted | 54% win rate (7/13)
1y returns: +36.6% weighted | 33% win rate (4/12)

🥈 CFO and Chief Legal Officer each buy $100k at FactSet Research ($FDS)

FactSet is an interesting play because it was a great short candidate this summer when it was trading just above its average P/E but had a handful of insider selling, declining earnings estimates, and margin/competition concerns because of AI.

However, now we have the CFO and Chief Legal Officer buying the dip, with conservative guidance from management, and the stock trading at its lowest P/E since 2008.

🥉 [SALE] 10% Owner at Aeluma, Inc. ($ALMU)

Mark N. Tompkins (10% Owner) at Aeluma, Inc. ($ALMU) made a large, unusual sale. They just sold 106,908 shares at $17.25/share ($1.84M total) which decreased their vested holdings by -4.0%. The current price is $16.60 (-4.3%). Their median sale size is $480.9K and this is their 2nd largest sale out of 18 all time. link

Historic Returns
1m returns: +4.7% weighted | 60% win rate (9/15)
3m returns: +10.6% weighted | 100% win rate (15/15)
6m returns: +18.2% weighted | 100% win rate (15/15)
1y returns: +31.0% weighted | 100% win rate (15/15)

Note: Selling the rip (stock was up 25.00% in the month before the sale). This is the 3rd insider sale at this company in the last 30 days. This is a risky stock to short (if you’re into that kind of thing) because it’s in a hot space (semiconductors) and has some government contracts (plus the whole thing with China and how much we want to bring to the US). However, the company’s revenue growth is projected to fall from 400%+ in the last twelve months to 0-50% growth in the next twelve months. If this happens, the stock will surely give back a lot of its 400% returns in the last year.

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 📈 Largest Insider Buys (last week)

  • Director at Scholar Rock Holding Corporation (SRRK) purchased 500,439 shares at $37.58 for $18.81M. This is their 1st largest purchase (out of 19) and increased their vested position to 6,211,795 shares (+8.76%). +3.83% 1m (+28.57% win rate) / +12.93% 3m (+35.71% win rate) avg returns on 19 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

  • Director at Global Water Resources, Inc. (GWRS) purchased 728,197 shares at $10.3 for $7.5M. This is their 2nd largest purchase (out of 3) and increased their vested position to 12,178,122 shares (+6.36%). No returns available. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

  • Director at Zenas BioPharma, Inc. (ZBIO) purchased 316,219 shares at $19.0 for $6.01M. This is their 10th largest purchase (out of 15) and increased their vested position to 2,209,025 shares (+16.71%). +1.14% 1m (+42.86% win rate) / -1.83% 3m (+23.08% win rate) avg returns on 15 previous purchases. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

  • 10% Owner at ASA Gold and Precious Metals Limited (ASA) purchased 46,649 shares at $46.5 for $2.17M. This is their 75th largest purchase (out of 1184) and increased their vested position to 4,703,326 shares (+1.00%). +1.08% 1m (+70.41% win rate) / +1.86% 3m (+75.42% win rate) avg returns on 1184 previous purchases. This appears to be a regularly scheduled monthly transaction. This is the 6th insider purchase at this company in the last 30 days. - link

  • Director at Agree Realty Corporation (ADC) purchased 25,154 shares at $70.41 for $1.77M. This is their 4th largest purchase (out of 26) and increased their vested position to 553,700 shares (+4.76%). +0.52% 1m (+55.00% win rate) / +5.38% 3m (+75.00% win rate) avg returns on 26 previous purchases. Is part of a dividend reinvestment. This is the 3rd insider purchase at this company in the last 30 days. - link

  • Director at Global Water Resources, Inc. (GWRS) purchased 154,026 shares at $10.3 for $1.59M. This is their 2nd largest purchase (out of 24) and increased their vested position to 2,583,058 shares (+6.34%). +0.29% 1m (+42.86% win rate) / -3.92% 3m (+42.86% win rate) avg returns on 24 previous purchases. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

  • 10% Owner at ASA Gold and Precious Metals Limited (ASA) purchased 23,813 shares at $48.17 for $1.15M. This is their 176th largest purchase (out of 1185) and increased their vested position to 4,727,139 shares (+0.51%). +1.08% 1m (+70.41% win rate) / +1.86% 3m (+75.42% win rate) avg returns on 1185 previous purchases. This appears to be a regularly scheduled monthly transaction. This is the 7th insider purchase at this company in the last 30 days. - link

  • Director at aTyr Pharma, Inc. (ATYR) purchased 1,000,000 shares at $0.91 for $911.8K. This is their 3rd largest purchase (out of 10) and increased their vested position to 2,101,056 shares (+90.82%). +1.62% 1m (+42.86% win rate) / -2.53% 3m (+28.57% win rate) avg returns on 10 previous purchases. Buying the dip (stock was down -82.05% in the month before the purchase). This is the 1st insider purchase at this company in the last 30 days. - link

  • See Remarks at Zenas BioPharma, Inc. (ZBIO) purchased 36,928 shares at $20.85 for $769.95K. This is their 1st largest purchase (out of 7) and increased their vested position to 1,975,122 shares (+1.91%). +0.23% 1m (+50.00% win rate) / -24.39% 3m (+33.33% win rate) avg returns on 7 previous purchases. Is part of a purchase agreement. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

  • Chairman, CEO & President at W&T Offshore, Inc. (WTI) purchased 286,842 shares at $1.84 for $527.26K. This is their 3rd largest purchase (out of 11) and increased their vested position to 48,806,592 shares (+0.59%). +2.11% 1m (+70.00% win rate) / -14.56% 3m (+10.00% win rate) avg returns on 11 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

📉 Largest Insider Sells (last week)

  • 10% Owner at Eli Lilly and Company (LLY) sold 192,404 shares at $837.93 for $161.22M. This is their 11th largest sale (out of 263) and decreased their vested position to 94,836,978 shares (-0.20%). -1.90% 1m (+34.65% win rate) / -4.88% 3m (+22.53% win rate) avg returns on 263 previous sales. This is the 7th insider sale at this company in the last 30 days. - link

  • 10% Owner at CoreWeave, Inc. (CRWV) sold 1,149,406 shares at $139.37 for $160.2M. This is their 16th largest sale (out of 59) and decreased their vested position to 79,496,548 shares (-1.43%). -3.70% 1m (+36.36% win rate) / -0.20% 3m (+70.59% win rate) avg returns on 59 previous sales. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 49.63% in the month before the sale). This is the 39th insider sale at this company in the last 30 days (and there were 3 other sales on the same day). - link

  • 10% Owner at Eli Lilly and Company (LLY) sold 161,183 shares at $850.22 for $137.04M. This is their 16th largest sale (out of 264) and decreased their vested position to 94,675,795 shares (-0.17%). -1.90% 1m (+34.65% win rate) / -4.88% 3m (+22.53% win rate) avg returns on 264 previous sales. This is the 8th insider sale at this company in the last 30 days. - link

  • 10% Owner at CoreWeave, Inc. (CRWV) sold 901,524 shares at $138.22 for $124.61M. This is their 21st largest sale (out of 58) and decreased their vested position to 62,713,328 shares (-1.42%). -3.70% 1m (+36.36% win rate) / -0.20% 3m (+70.59% win rate) avg returns on 58 previous sales. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 49.97% in the month before the sale). This is the 35th insider sale at this company in the last 30 days (and there were 6 other sales on the same day). - link

  • Chief Executive Officer at Robinhood Markets, Inc. (HOOD) sold 750,000 shares at $139.73 for $104.8M. This is their 2nd largest sale (out of 48) and decreased their vested position to 49,514,249 shares (-1.49%). -9.12% 1m (+26.47% win rate) / -29.89% 3m (+25.00% win rate) avg returns on 48 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled yearly transaction. Selling the rip (stock was up 22.08% in the week before the sale). This is the 4th insider sale at this company in the last 30 days. - link

  • 10% Owner at CoreWeave, Inc. (CRWV) sold 732,944 shares at $139.55 for $102.28M. This is their 22nd largest sale (out of 53) and decreased their vested position to 38,269,983 shares (-1.88%). -3.70% 1m (+36.36% win rate) / -0.20% 3m (+70.59% win rate) avg returns on 53 previous sales. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 49.97% in the month before the sale). This is the 35th insider sale at this company in the last 30 days (and there were 6 other sales on the same day). - link

  • Director at NuScale Power Corporation (SMR) sold 2,515,517 shares at $40.27 for $101.29M. This is their 2nd largest sale (out of 5) and decreased their vested position to 908,761 shares (-73.46%). No returns available. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 21.46% in the month before the sale). This is the 5th insider sale at this company in the last 30 days. - link

  • 10% Owner at Eli Lilly and Company (LLY) sold 112,596 shares at $821.55 for $92.5M. This is their 25th largest sale (out of 262) and decreased their vested position to 95,029,382 shares (-0.12%). -1.90% 1m (+34.65% win rate) / -4.88% 3m (+22.53% win rate) avg returns on 262 previous sales. This is the 6th insider sale at this company in the last 30 days. - link

  • 10% Owner at Eli Lilly and Company (LLY) sold 101,420 shares at $850.27 for $86.23M. This is their 30th largest sale (out of 266) and decreased their vested position to 94,547,580 shares (-0.11%). -1.90% 1m (+34.65% win rate) / -4.88% 3m (+22.53% win rate) avg returns on 266 previous sales. This is the 10th insider sale at this company in the last 30 days. - link

  • Director at BGC Group, Inc. (BGC) sold 109,833,810 shares at $0.76 for $82.63M. This is their 1st largest sale (out of 20) and decreased their vested position to 337,765 shares (-99.69%). No returns available. Is a sale for taxes. This is the 1st insider sale at this company in the last 30 days. - link

  • 10% Owner at CoreWeave, Inc. (CRWV) sold 581,484 shares at $139.55 for $81.15M. This is their 27th largest sale (out of 52) and decreased their vested position to 29,742,855 shares (-1.92%). -3.70% 1m (+36.36% win rate) / -0.20% 3m (+70.59% win rate) avg returns on 52 previous sales. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 49.97% in the month before the sale). This is the 35th insider sale at this company in the last 30 days (and there were 6 other sales on the same day). - link

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