Top insider trades (Tue, Jun 23)

Today’s Largest Unscheduled Trades

There were 201 new insider trades filed.

2 insider trades were flagged as High Signal, including a private fund manager-of-managers that sold off during this private credit sell-off, and a dip + cluster + reversal insider purchase at an infrastructure consulting company that sold off on FCF issues in H1. The President just bought $300k a couple of weeks before the quarter ends (suggesting that maybe the FCF issues were temporary and would resolve in H2 as management expected).

Our system gave high scores to 2 insider purchases (I shared our system’s notes on those in the High Scoring Purchases - Quick Notes).

We also found 3 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 (Tether Global Investments Fund, S.I.C.A.F., S.A.) at RUM Group Inc. $RUM purchased $36.24M. Rip Buy: the stock was up 41% in the previous 3 months.

• Principal Financial Officer at ConnectM Technology Solutions, Inc. $CNTM purchased $12.68M. Rip Buy: the stock was up 46% in the previous month.

• Chief Business Officer at MAMMOTH ENERGY SERVICES, INC. $TUSK purchased $10.47M (2nd largest purchase, out of 11). This increased their listed holdings by 49%. Rip Buy: the stock was up 45% in the previous 3 months. Their last purchase was 1461 days ago. 1 other insider also purchased the stock in the last 30 days.

• Director (Taylor Bruce C.) at Mission Produce, Inc. $AVO purchased $3.23M (2nd largest purchase, out of 3). 1 other insider also purchased the stock in the last 30 days.

• 10% Owner (Aqua Capital, Ltd.) at ENERGIZER HOLDINGS, INC. $ENR purchased $1.35M (2nd largest purchase, out of 8). Rip Buy: the stock was up 31% in the previous 3 months. This insider has purchased the stock 4 times in the last 30 days. Appears to be regularly scheduled monthly transaction.

• Director (DURCAN DERMOT MARK) at Cencora, Inc. $COR purchased $1.10M (largest purchase ever, out of 6). This increased their listed holdings by 14%. This insider has purchased the stock 2 times in the last 30 days.

• President & CEO at Strategy Inc $MSTR purchased $998.76K (largest purchase ever, out of 4). Dip Buy: the stock was down -31% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• Director (HEYER ANDREW R) at Lovesac Co $LOVE purchased $440.40K (3rd largest purchase, out of 14). This increased their listed holdings by 11%. Rip Buy: the stock was up 37% in the previous 3 months. Their last purchase was 794 days ago. 1 other insider also purchased the stock in the last 30 days.

• CEO at Gaotu Techedu Inc. $GOTU purchased $418.05K (2nd largest purchase, out of 4). Dip Buy: the stock was down -56% in the previous year. This insider has purchased the stock 4 times in the last 30 days.

• CEO at Navios Maritime Partners L.P. $NMM purchased $249.16K (24th largest purchase, out of 27). This insider has purchased the stock 7 times in the last 30 days. Part of a 10b5-1 plan. Appears to be regularly scheduled weekly transaction.

• Chief Executive Officer at Canaan Inc. $CAN purchased $167.50K. This increased their listed holdings by 17%. Dip Buy: the stock was down -20% in the previous month. 1 other insider also purchased the stock in the last 30 days.

• President at Energy Services of America CORP $ESOA purchased $97.56K (2nd largest purchase, out of 11). Rip Buy: the stock was up 115% in the previous 6 months.

• President, CEO and Secretary at NETSTREIT Corp. $NTST purchased $95.95K (3rd largest purchase, out of 7).

• See Remarks at Grocery Outlet Holding Corp. $GO purchased $93.70K (first-ever purchase). This increased their listed holdings by 20%. Rip Buy: the stock was up 59% in the previous 3 months.

• Interim CEO and CFO at KULICKE & SOFFA INDUSTRIES INC $KLIC sold $7.30M (largest sale ever, out of 11). This decreased their listed holdings by -54%. Rip Sell: the stock was up 91% in the previous 3 months. Their last sale was 576 days ago. 2 other insiders also sold the stock in the last 30 days.

• President, Semi. Products Grp. at APPLIED MATERIALS INC /DE $AMAT sold $6.34M (4th largest sale, out of 5). Rip Sell: the stock was up 42% in the previous month. 7 other insiders also sold the stock in the last 30 days.

• Chief Medical Officer at BELITE BIO, INC $BLTE sold $1.45M (largest sale ever, out of 2). This decreased their listed holdings by -40%. Rip Sell: the stock was up 141% in the previous year. This insider has sold the stock 2 times in the last 30 days.

• Chief Executive Officer at Opera Ltd $OPRA sold $1.31M (first-ever sale). This decreased their listed holdings by -36%. 1 other insider also sold the stock in the last 30 days.

• President & COO at Toll Brothers, Inc. $TOL sold $1.12M (3rd largest sale, out of 5). This decreased their listed holdings by -24%. 1 other insider also sold the stock in the last 30 days.

• Glbl Chief Growth Officer at Kraft Heinz Co $KHC sold $426.53K. This decreased their listed holdings by -15%.

• Exec VP-Leasing at CBL & ASSOCIATES PROPERTIES INC $CBL sold $275.14K (largest sale ever, out of 4). Their last sale was 5191 days ago. 3 other insiders also sold the stock in the last 30 days.

• and more…

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