Top insider trades (Thu, Jul 9)

Connor’s Commentary

I don’t personally trade biotechs much, but the insiders at Evommune (EVMN) were selling just before poor phase 2 results were announced, which sent the stock down 50% (some very conveniently timed 10b5-1 plans).

Now, a director is buying the dip. Martin Shkreli also bought the dip (though his most recent investing foray ended with him blowing up his public portfolio just a few months ago).

Today’s Largest Unscheduled Trades

There were 156 new insider trades filed.

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

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

Today’s largest unscheduled insider trades:

• Chief Executive Officer at 51Talk Online Education Group $COE purchased $23.49M (largest purchase ever, out of 6). Dip Buy: the stock was down -24% in the previous month. This insider has purchased the stock 5 times in the last 30 days. Part of a 10b5-1 plan. ADR, so may need to convert price.

• 10% Owner (Globalharvest Holdings Venture Ltd) at Mission Produce, Inc. $AVO purchased $8.28M (2nd largest purchase, out of 14). Rip Buy: the stock was up 33% in the previous month. 2 other insiders also purchased the stock in the last 30 days.

• CHIEF EXECUTIVE OFFICER at Viking Acquisition Corp. II $VII purchased $3.00M (first-ever purchase).

• Chief Executive Officer at ProQR Therapeutics N.V. $PRQR purchased $238.50K (first-ever purchase). 1 other insider also purchased the stock in the last 30 days.

• 10% Owner (ATLAS Infrastructure Partners (UK) Ltd.) at H2O AMERICA $HTO purchased $172.69K (2nd largest purchase, out of 3). This insider has purchased the stock 2 times in the last 30 days.

• Director (Hamilton Thomas Edward) at Larimar Therapeutics, Inc. $LRMR purchased $166.89K (6th largest purchase, out of 6). Dip Buy: the stock was down -33% in the previous 3 months.

• 10% Owner (TANG KEVIN) at Boundless Bio, Inc. $BOLD purchased $141.86K (95th largest purchase, out of 111). Rip Buy: the stock was up 71% in the previous month. This insider has purchased the stock 3 times in the last 30 days.

• Director (KIRSCH ARTHUR S) at Evommune, Inc. $EVMN purchased $133.00K (largest purchase ever, out of 10). Dip Buy: the stock was down -34% in the previous month.

• Director (Baltera Robert Jr.) at PALISADE BIO, INC. $PALI purchased $102.08K (largest purchase ever, out of 3). This increased their listed holdings by 13%. Rip Buy: the stock was up 184% in the previous year. This insider has purchased the stock 2 times in the last 30 days.

• Director (Hope James D) at Core & Main, Inc. $CNM purchased $95.11K (6th largest purchase, out of 9). This increased their listed holdings by 21%.

• CHAIRMAN & CEO at RH $RH sold $20.67M (4th largest sale, out of 6). Rip Sell: the stock was up 36% in the previous 3 months. Reversal: they made 1 straight purchases before this sale. Their last sale was 2400 days ago. 1 other insider also sold the stock in the last 30 days.

• 10% Owner (Clark Jermoluk Founders Fund I LLC) at Ibotta, Inc. $IBTA sold $15.07M (2nd largest sale, out of 12). This decreased their listed holdings by -13%. Rip Sell: the stock was up 52% in the previous 6 months. Their last sale was 373 days ago. 2 other insiders also sold the stock in the last 30 days.

• Chief Accounting Officer at ServiceTitan, Inc. $TTAN sold $397.37K (7th largest sale, out of 18). 6 other insiders also sold the stock in the last 30 days.

• Director (Glajch Jeffrey) at AIAI Holdings Corp $AIAI sold $291.49K (largest sale ever, out of 10). 2 other insiders also sold the stock in the last 30 days.

• Director (Thorning-Schmidt Helle) at Palo Alto Networks Inc $PANW sold $242.79K (first-ever sale). This decreased their listed holdings by -10%. Rip Sell: the stock was up 26% in the previous month. 5 other insiders also sold the stock in the last 30 days.

• and more…

The rest of this email is for premium subscribers only.

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