Top insider trades (Wed, Aug 5)

Today’s Largest Unscheduled Trades

There were 233 new insider trades filed.

2 insider trades were flagged as High Signal, and one was added to the CEO Watcher Portfolio because the CEO was buying on the post-earnings dip. The company actually beat-and-raised, but the market appears concerned about a demand decline for one of their core products. The management team believes the issue is temporary and is already implementing changes and guiding toward improvement in H2. I tend to side with management when they are also buying stock in the open market.

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 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 (Durable Capital Partners LP) at Goosehead Insurance, Inc. $GSHD purchased $2.25M (52nd largest purchase, out of 71). Rip Buy: the stock was up 24% in the previous month. 1 other insider also purchased the stock in the last 30 days. Large price difference: Current: $68.56 | Tx: $61.92 | Diff: (+10.72%).

• Director (MAROONE MICHAEL E) at CARVANA CO. $CVNA purchased $1.54M (2nd largest purchase, out of 5). This increased their listed holdings by 13%. Reversal: they made 3 straight sales before this purchase. Their last purchase was 1364 days ago. Large price difference: Current: $68.03 | Tx: $61.80 | Diff: (+10.08%).

• Director (Mahoney Christopher) at Bunge Global SA $BG purchased $689.05K (largest purchase ever, out of 2). This increased their listed holdings by 78%.

• 10% Owner (Benefit Street Partners LLC) at ALTISOURCE PORTFOLIO SOLUTIONS S.A. $ASPS purchased $288.45K (8th largest purchase, out of 8). Dip Buy: the stock was down -22% in the previous month. 2 other insiders also purchased the stock in the last 30 days.

• Director (LEDFORD ROBERT) at Orion Group Holdings Inc $ORN purchased $192.43K (first-ever purchase). This increased their listed holdings by 86%. Dip Buy: the stock was down -32% in the previous month. 3 other insiders also purchased the stock in the last 30 days.

• EVP, Finance and CFO at COLUMBUS MCKINNON CORP $CMCO purchased $147.53K (first-ever purchase). Rip Buy: the stock was up 48% in the previous month.

• Director (Borrego Andres) at Grupo Aeromexico, S.A.B. de C.V. $AERO purchased $121.89K. This increased their listed holdings by 96%. 1 other insider also purchased the stock in the last 30 days.

• Director (Hawaux Andre J) at TRACTOR SUPPLY CO /DE/ $TSCO purchased $100.26K (5th largest purchase, out of 11). This increased their listed holdings by 20%.

• 10% Owner (BERKSHIRE HATHAWAY INC) at DAVITA INC. $DVA sold $36.51M (39th largest sale, out of 59). Rip Sell: the stock was up 47% in the previous 3 months. Large price difference: Current: $227.99 | Tx: $199.55 | Diff: (+14.25%).

• FOUNDER & CEO at Life Time Group Holdings, Inc. $LTH sold $19.73M (3rd largest sale, out of 41). Rip Sell: the stock was up 68% in the previous 3 months. Their last sale was 518 days ago. 3 other insiders also sold the stock in the last 30 days.

• 10% Owner (L1 Capital Pty Ltd) at Anteris Technologies Global Corp. $AVR sold $4.25M (2nd largest sale, out of 4). Rip Sell: the stock was up 35% in the previous 3 months. This insider has sold the stock 5 times in the last 30 days.

• President and CEO at GREIF, INC $GEF, GEF-B sold $3.47M (largest sale ever, out of 6). This decreased their listed holdings by -29%. Rip Sell: the stock was up 32% in the previous 3 months. 1 other insider also sold the stock in the last 30 days.

• CEO & Executive Chairman at Karooooo Ltd. $KARO sold $2.96M (3rd largest sale, out of 3). Rip Sell: the stock was up 22% in the previous month. This insider has sold the stock 3 times in the last 30 days.

• EVP &PRESIDENT CLUB OPERATIONS at Life Time Group Holdings, Inc. $LTH sold $2.85M (2nd largest sale, out of 7). This decreased their listed holdings by -25%. Rip Sell: the stock was up 68% in the previous 3 months. 3 other insiders also sold the stock in the last 30 days.

• EVP, CFO & Treasurer at VIRTUS INVESTMENT PARTNERS, INC. $VRTS sold $2.51M (largest sale ever, out of 2). This decreased their listed holdings by -19%. Their last sale was 910 days ago.

• Director (SLAYEN HOWARD T) at AEHR TEST SYSTEMS $AEHR sold $2.17M (largest sale ever, out of 16). This decreased their listed holdings by -12%. Rip Sell: the stock was up 57% in the previous month. 1 other insider also sold the stock in the last 30 days.

• EVP & Chief Financial Officer at Life Time Group Holdings, Inc. $LTH sold $2.14M (largest sale ever, out of 4). This decreased their listed holdings by -34%. Rip Sell: the stock was up 68% in the previous 3 months. 3 other insiders also sold the stock in the last 30 days.

• Director (RAINBOLT DAVID E) at BANCFIRST CORP /OK/ $BANF sold $2.05M (13th largest sale, out of 37). This decreased their listed holdings by -42%. This insider has sold the stock 5 times in the last 30 days.

• Director (Schiff Charles Odell) at CINCINNATI FINANCIAL CORP $CINF sold $1.33M (3rd largest sale, out of 6).

• EVP & CAO at CNA FINANCIAL CORP $CNA sold $1.20M (largest sale ever, out of 5). This decreased their listed holdings by -24%. Their last sale was 504 days ago.

• and more…

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