Top insider trades (week ending Aug 9)

How CEO Watcher Works

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 976 insider trades and found:

• LULU is down 24% in 1 month after we found the CEO selling the stock

• CEO at ALGN averages 39% 3m returns and just bought $1m 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

LULU is down 24% in 1 month after we found the CEO, who averages 5.6% 3M returns, selling $6.38M of the stock in an unscheduled sale. It was highlighted as a Top Sale in the July 2nd Premium email.

It opened at $245.66 and is down to $187.41 (-24%).

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👀 Top Insider Trades this Week

🥇 PRESIDENT AND CEO at Align Technology, Inc. ($ALGN)

JOSEPH M HOGAN (PRESIDENT AND CEO) at Align Technology, Inc. ($ALGN) purchased 7,576 shares at $131.49/share ($996.13K total) which increased their vested holdings by +3.2%. The current price is $139.87 (+6.3%). Their median purchase size is $1.17M and this is their 7th largest purchase out of 8 all time. link

Historic Returns
1m returns: +4.2% weighted | 67% win rate (4/6)
3m returns: +39.2% weighted | 100% win rate (6/6)
6m returns: +25.1% weighted | 83% win rate (5/6)
1y returns: +15.5% weighted | 100% win rate (6/6)

Note: Buying the dip (stock was down -33.59% in the week before the purchase). 1 other insider also purchased the stock (2 total purchases in the last 30 days)

🥈 President & CEO at Enphase Energy, Inc. ($ENPH)

Badrinarayanan Kothandaraman (President & CEO) at Enphase Energy, Inc. ($ENPH) purchased 5,000 shares at $30.82/share ($154.12K total) which increased their vested holdings by +0.3%. The current price is $31.65 (+2.7%). Their median purchase size is $189.89K and this is their 6th largest purchase out of 11 all time. link

Historic Returns
1m returns: +6.7% weighted | 56% win rate (5/9)
3m returns: +10.3% weighted | 78% win rate (7/9)
6m returns: +12.4% weighted | 62% win rate (5/8)
1y returns: +53.4% weighted | 67% win rate (4/6)

Note: Buying the dip (stock was down -29.27% in the month before the purchase)

🥉 [SELL] Director at Avis Budget Group, Inc. ($CAR)

Bernardo Hees (Director) at Avis Budget Group, Inc. ($CAR) made a large, unusual sale. They just sold 402,200 shares at $156.59/share ($62.98M total) which decreased their vested holdings by -77.0%. The current price is $155.34 (-0.8%). Their median sale size is $27.9M and this is their 1st largest sale out of 4 all time. link

Historic Returns
1m returns: +7.9% weighted | 67% win rate (2/3)
3m returns: +14.5% weighted | 67% win rate (2/3)
6m returns: +8.5% weighted | 67% win rate (2/3)
1y returns: +5.1% weighted | 67% win rate (2/3)

Note: Selling the rip (stock was up 61.00% in the three months before the sale)

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 📈 Largest Insider Buys (last week)

• 10% Owner at Sirius XM Holdings Inc. (SIRI) purchased 5,030,425 shares at $21.16 for $106.45M. This is their 33rd largest purchase (out of 47) and increased their vested position to 124,807,117 shares (+4.20%). +3.07% 1m (+67.39% win rate) / +6.15% 3m (+52.17% win rate) avg returns on 47 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

• Director at Larimar Therapeutics, Inc. (LRMR) purchased 9,375,000 shares at $3.2 for $30.0M. This is their 4th largest purchase (out of 30) and increased their vested position to 30,606,974 shares (+44.16%). -0.25% 1m (+35.71% win rate) / +1.97% 3m (+46.43% win rate) avg returns on 30 previous purchases. Buying the dip (stock was down -58.62% in the one year before the purchase). This is the 1st insider purchase at this company in the last 30 days. - link

• Director at Aurinia Pharmaceuticals Inc. (AUPH) purchased 1,300,000 shares at $10.45 for $13.59M. This is their 6th largest purchase (out of 49) and increased their vested position to 11,329,500 shares (+12.96%). -0.80% 1m (+44.44% win rate) / -9.43% 3m (+50.00% win rate) avg returns on 49 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

• 10% Owner at Asbury Automotive Group, Inc. (ABG) purchased 46,952 shares at $225.16 for $10.57M. This is their 1st largest purchase (out of 14) and increased their vested position to 2,162,992 shares (+2.22%). +4.19% 1m (+84.62% win rate) / +7.59% 3m (+38.46% win rate) avg returns on 14 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

• 10% Owner at Prime Medicine, Inc. (PRME) purchased 3,030,300 shares at $3.3 for $10.0M. This is their 5th largest purchase (out of 5) and increased their vested position to 18,486,894 shares (+19.61%). -3.65% 1m (0.00% win rate) / +22.63% 3m (+66.67% win rate) avg returns on 5 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

• 10% Owner at Orchestra BioMed Holdings, Inc. (OBIO) purchased 3,636,363 shares at $2.75 for $10.0M. This is their 13th largest purchase (out of 48) and increased their vested position to 3,636,363 shares (0%). -3.74% 1m (+36.36% win rate) / +6.90% 3m (+27.27% win rate) avg returns on 48 previous purchases. Buying the dip (stock was down -58.69% in the one year before the purchase). This is the 4th insider purchase at this company in the last 30 days. - link

• Director at Amkor Technology, Inc. (AMKR) purchased 441,589 shares at $21.85 for $9.65M. This is their 2nd largest purchase (out of 2) and increased their vested position to 56,143,060 shares (+0.79%). -10.32% 1m (0.00% win rate) / -11.81% 3m (0.00% win rate) avg returns on 2 previous purchases. 3 other insiders also purchased the stock (4 total purchases in last 30 days). - link

• 10% Owner at Amkor Technology, Inc. (AMKR) purchased 441,589 shares at $21.85 for $9.65M. This is their 2nd largest purchase (out of 2) and increased their vested position to 95,549,619 shares (+0.46%). -10.32% 1m (0.00% win rate) / -11.81% 3m (0.00% win rate) avg returns on 2 previous purchases. 3 other insiders also purchased the stock (4 total purchases in last 30 days). - link

• Director at Asana, Inc. (ASAN) purchased 450,000 shares at $14.21 for $6.4M. This is their 45th largest purchase (out of 74) and increased their vested position to 59,678,045 shares (+0.76%). -6.03% 1m (+55.38% win rate) / -22.24% 3m (+26.98% win rate) avg returns on 74 previous purchases. This appears to be a regularly scheduled weekly transaction. This is the 8th insider purchase at this company in the last 30 days. - link

• 10% Owner at Newegg Commerce, Inc. (NEGG) purchased 111,110 shares at $54.03 for $6.0M. This is their 4th largest purchase (out of 12) and increased their vested position to 3,444,443 shares (+3.33%). -6.07% 1m (0.00% win rate) / -6.74% 3m (0.00% win rate) avg returns on 12 previous purchases. This is the 7th insider purchase at this company in the last 30 days. - link

• 10% Owner at Prime Medicine, Inc. (PRME) purchased 1,500,000 shares at $3.3 for $4.95M. This is their 6th largest purchase (out of 9) and increased their vested position to 3,262,440 shares (+85.11%). +21.09% 1m (+87.50% win rate) / +48.05% 3m (+87.50% win rate) avg returns on 9 previous purchases. Is part of a public offering. This is the 2nd insider purchase at this company in the last 30 days. - link

• 10% Owner at Orchestra BioMed Holdings, Inc. (OBIO) purchased 2,200,000 shares at $2.75 for $4.12M. This is their 64th largest purchase (out of 117) and increased their vested position to 6,792,556 shares (+47.90%). -0.15% 1m (+36.89% win rate) / -2.52% 3m (+32.04% win rate) avg returns on 117 previous purchases. Is part of a public offering. Buying the dip (stock was down -57.48% in the one year before the purchase). This is the 3rd insider purchase at this company in the last 30 days (and there was 1 other purchase on the same day). - link

📉 Largest Insider Sells (last week)

• 10% Owner at VeriSign, Inc. (VRSN) sold 4,300,000 shares at $282.15 for $1.21B. This is their 2nd largest sale (out of 32) and decreased their vested position to 8,989,880 shares (-32.36%). -1.89% 1m (+34.48% win rate) / -11.05% 3m (+3.57% win rate) avg returns on 32 previous sales. This is the 4th insider sale at this company in the last 30 days. - link

• 10% Owner at Corebridge Financial, Inc. (CRBG) sold 30,000,000 shares at $33.65 for $1.01B. This is their 5th largest sale (out of 14) and decreased their vested position to 83,896,013 shares (-26.34%). -3.29% 1m (+30.77% win rate) / -6.16% 3m (+16.67% win rate) avg returns on 14 previous sales. This appears to be a regularly scheduled yearly transaction. This is the 1st insider sale at this company in the last 30 days. - link

• 10% Owner at DaVita Inc. (DVA) sold 1,635,962 shares at $140.61 for $230.02M. This is their 18th largest sale (out of 33) and decreased their vested position to 32,160,579 shares (-4.84%). -1.89% 1m (+34.48% win rate) / -11.05% 3m (+3.57% win rate) avg returns on 33 previous sales. This is the 2nd insider sale at this company in the last 30 days. - link

• Director at Robinhood Markets, Inc. (HOOD) sold 1,578,939 shares at $99.98 for $157.86M. This is their 1st largest sale (out of 59) and decreased their vested position to 51,219,320 shares (-2.99%). -6.37% 1m (+28.26% win rate) / -11.13% 3m (+23.81% win rate) avg returns on 59 previous sales. Selling the rip (stock was up 119.48% in the three months before the sale). This is the 7th insider sale at this company in the last 30 days (and there was 1 other sale on the same day). - link

• Co-Executive Chairman at KKR & Co. Inc. (KKR) sold 809,906 shares at $144.25 for $116.83M. This is their 3rd largest sale (out of 3) and decreased their vested position to 83,862,855 shares (-0.96%). +1.18% 1m (+50.00% win rate) / +7.81% 3m (+100.00% win rate) avg returns on 3 previous sales. This is the 1st insider sale at this company in the last 30 days. - link

• CEO and Chairperson at Arista Networks Inc (ANET) sold 880,180 shares at $124.79 for $109.84M. This is their 1st largest sale (out of 130) and decreased their vested position to 34,150,341 shares (-2.51%). -2.00% 1m (+41.60% win rate) / -4.84% 3m (+27.87% win rate) avg returns on 130 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled yearly transaction. Selling the rip (stock was up 32.22% in the three months before the sale). This is the 7th insider sale at this company in the last 30 days. - link

• Director at Stryker Corporation (SYK) sold 200,000 shares at $376.45 for $75.29M. This is their 6th largest sale (out of 11) and decreased their vested position to 16,839,726 shares (-1.17%). -3.76% 1m (0.00% win rate) / -4.58% 3m (+44.44% win rate) avg returns on 11 previous sales. This appears to be a regularly scheduled yearly transaction. This is the 1st insider sale at this company in the last 30 days. - link

• Director at Avis Budget Group, Inc. (CAR) sold 402,200 shares at $156.59 for $62.98M. This is their 1st largest sale (out of 4) and decreased their vested position to 120,234 shares (-76.99%). +7.86% 1m (+66.67% win rate) / +14.55% 3m (+66.67% win rate) avg returns on 4 previous sales. Selling the rip (stock was up 61.00% in the three months before the sale). This is the 1st insider sale at this company in the last 30 days. - link

• Director at Snowflake Inc. (SNOW) sold 256,046 shares at $227.15 for $58.16M. This is their 7th largest sale (out of 80) and decreased their vested position to 8,843,944 shares (-2.81%). +0.38% 1m (+46.05% win rate) / +4.09% 3m (+45.83% win rate) avg returns on 80 previous sales. Is part of a 10b5-1 plan. Selling the rip (stock was up 74.07% in the year before the sale). This is the 6th insider sale at this company in the last 30 days (and there were 2 other sales on the same day). - link

• Director at Figma, Inc. (FIG) sold 1,649,334 shares at $31.52 for $53.87M. This is their 1st largest sale (out of 1) and decreased their vested position to 32,537,317 shares (-4.82%). No returns available. This is the 10th insider sale at this company in the last 30 days (and there were 8 other sales on the same day). - link

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