Top insider trades (Tue, May 12)

Connor’s Commentary

There were 281 new insider trades filed.

1 new insider trade was flagged as High Signal (a cyclical distributor trading 33% below its median valuation with Q1 results that show a bottom may be in), and I shared my notes on why I passed on OLED even though the CEO and an SVP were buying for the first time. I’m looking into the Planet Fitness (PLNT) and ADP insider purchases now, and I will share my notes tomorrow.

CEO Watcher Premium subs can see these notes in the Trade Notes section of this email (just scroll down).

As a reminder, if you upgrade to CEO Watcher Premium (link) and find that it isn’t for you, I’ll give you a refund.

• Director (Meister Keith A.) at GeneDx Holdings Corp. $WGS purchased $46.81M (2nd largest purchase, out of 19). This increased their listed holdings by 33%. Dip Buy: the stock was down -33% in the previous month.

• Director (Li Nan (LN)) at Odyssey Therapeutics, Inc. $ODTX purchased $20.00M. This increased their listed holdings by 49%. 4 other insiders also purchased the stock in the last 30 days. Is part of a public offering.

• Director (DUGGAN ROBERT W) at PULSE BIOSCIENCES, INC. $PLSE purchased $13.00M (6th largest purchase, out of 54). 1 other insider also purchased the stock in the last 30 days.

• 10% Owner (SR ONE CAPITAL MANAGEMENT, LLC) at Odyssey Therapeutics, Inc. $ODTX purchased $10.00M (2nd largest purchase, out of 4). This increased their listed holdings by 17%. 4 other insiders also purchased the stock in the last 30 days.

• Director (SIMPSON BOB R) at TXO Partners, L.P. $TXO purchased $9.46M (2nd largest purchase, out of 5). This increased their listed holdings by 11%. 1 other insider also purchased the stock in the last 30 days.

• Director (HARRINGTON WILLIAM T) at Mobia Medical, Inc. $MOBI purchased $8.00M (first-ever purchase). 4 other insiders also purchased the stock in the last 30 days.

• Director (Lucchese Cynthia L) at Mobia Medical, Inc. $MOBI purchased $1.88M (largest purchase ever, out of 7). This increased their listed holdings by 396%. 4 other insiders also purchased the stock in the last 30 days.

• President and CEO at UNIVERSAL DISPLAY CORP \PA\ $OLED purchased $1.03M. Dip Buy: the stock was down -30% in the previous 3 months. 1 other insider also purchased the stock in the last 30 days.

• Director (Tansey Casey M) at Mobia Medical, Inc. $MOBI purchased $999.99K (2nd largest purchase, out of 3). 4 other insiders also purchased the stock in the last 30 days.

• Director (Valentine Keith) at Alphatec Holdings, Inc. $ATEC purchased $996.19K (2nd largest purchase, out of 6). This increased their listed holdings by 138%. Dip Buy: the stock was down -35% in the previous month. Their last purchase was 644 days ago.

• Chief Executive Officer at LEGALZOOM.COM, INC. $LZ purchased $768.99K (first-ever purchase).

• Director (SWAN ROBERT HOLMES) at AUTOMATIC DATA PROCESSING INC $ADP purchased $745.69K (3rd largest purchase, out of 19). This increased their listed holdings by 230%. Rip Buy: the stock was up 12% in the previous month. Part of a 10b5-1 plan.

• President & CEO at PARSONS CORP $PSN purchased $624.64K (largest purchase ever, out of 4). Their last purchase was 1602 days ago.

• Director (WARDINSKI BRUCE D) at Accel Entertainment, Inc. $ACEL purchased $577.50K (largest purchase ever, out of 2).

• Director (Byng-Thorne Zillah) at Norwegian Cruise Line Holdings Ltd. $NCLH purchased $521.39K (2nd largest purchase, out of 4). This increased their listed holdings by 30%. 1 other insider also purchased the stock in the last 30 days.

• President - TBK Bank, SSB at Triumph Financial, Inc. $TFIN purchased $469.07K (largest purchase ever, out of 6). This increased their listed holdings by 19%. Reversal: they made 2 straight sales before this purchase. Their last purchase was 1081 days ago.

• Senior EVP & COO at EVERTEC, Inc. $EVTC purchased $454.70K (first-ever purchase). This increased their listed holdings by 16%. Dip Buy: the stock was down -18% in the previous week. Reversal: they made 4 straight sales before this purchase. 1 other insider also purchased the stock in the last 30 days.

• Director (DANHAKL JOHN G) at Life Time Group Holdings, Inc. $LTH sold $157.04M (2nd largest sale, out of 16). This decreased their listed holdings by -23%. Rip Sell: the stock was up 23% in the previous week. 8 other insiders also sold the stock in the last 30 days.

• Chairman at COCA COLA CO $KO sold $15.78M (4th largest sale, out of 22). This decreased their listed holdings by -54%.

• CFO and Treasurer at DAVITA INC. $DVA sold $9.89M (2nd largest sale, out of 5). This decreased their listed holdings by -27%. Rip Sell: the stock was up 32% in the previous month. Their last sale was 619 days ago. 1 other insider also sold the stock in the last 30 days.

• EVP, Chief Exp & Tech Officer at CVS HEALTH Corp $CVS sold $6.23M (first-ever sale). This decreased their listed holdings by -87%. Rip Sell: the stock was up 15% in the previous month.

• Director (Mindlin Marcos Marcelo) at Pampa Energy Inc. $PAM sold $6.03M (largest sale ever, out of 4).

• CEO at VEECO INSTRUMENTS INC $VECO sold $5.96M (largest sale ever, out of 20). This decreased their listed holdings by -19%. Rip Sell: the stock was up 52% in the previous month. 1 other insider also sold the stock in the last 30 days.

• Director (Giraudo Bryan) at Protagonist Therapeutics, Inc $PTGX sold $5.92M (first-ever sale). This decreased their listed holdings by -95%. Rip Sell: the stock was up 140% in the previous year. Reversal: they made 1 straight purchases before this sale.

• Director (SYLEBRA CAPITAL LLC) at IMPINJ INC $PI sold $5.52M (13th largest sale, out of 24). Rip Sell: the stock was up 50% in the previous month.

• Chairman and CEO at LEMAITRE VASCULAR INC $LMAT sold $5.03M (9th largest sale, out of 91). 3 other insiders also sold the stock in the last 30 days. Appears to be regularly scheduled yearly transaction.

• Director (Walker Ray N JR) at Solaris Energy Infrastructure, Inc. $SEI sold $4.10M (largest sale ever, out of 16). This decreased their listed holdings by -90%. Rip Sell: the stock was up 36% in the previous 3 months. Their last sale was 544 days ago. 1 other insider also sold the stock in the last 30 days.

• Executive Chairman at Enova International, Inc. $ENVA sold $3.46M (3rd largest sale, out of 49). Rip Sell: the stock was up 20% in the previous month. Appears to be regularly scheduled yearly transaction.

• President, CEO at Duke Energy CORP $DUK sold $2.49M (largest sale ever, out of 3). This decreased their listed holdings by -16%. Their last sale was 1900 days ago.

• VP - CHRO at CUMMINS INC $CMI sold $2.37M (largest sale ever, out of 2). This decreased their listed holdings by -29%. Rip Sell: the stock was up 10% in the previous month. Reversal: they made 1 straight purchases before this sale. 3 other insiders also sold the stock in the last 30 days.

• CHIEF ACCOUNTING OFFICER at COMFORT SYSTEMS USA INC $FIX sold $2.25M (2nd largest sale, out of 16). Rip Sell: the stock was up 27% in the previous month. 2 other insiders also sold the stock in the last 30 days.

• and more…

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