Top insider trades (week of Aug 23)

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 1,297 insider trades and found:

• ENR is up 24% in 3 months after we found the CEO, who averaged 8% 3m returns, buying $87k of the stock

• A director at HNRG, who averages 29% 3m returns, made his largest purchase of the stock ever

• Baker Bros buys $60M of MDGL

• Two 10% owners at ACDC buy $5M of the stock. This stock has also been a popular stock pitch on Yellowbrick recently (link)

• The Coreweave and Circle IPO lock-ups have expired so a bunch of insiders are selling

• Oaktree Capital and Cyrus Capital sell $80M of GTX

• 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

ENR is up 24% in 3 months after we found the CEO, who averaged 8% 3m returns, buying $87k of the stock in the May 13th email. We also found KTOS (+86%), DOUG (+29%), CIVI (+11%), and HAI (-0.56%) that day for an average return of almost 30% - a pretty good day.

It opened at $22.88 and is up to $28.64 (+25%).

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👀 Top Insider Trades this Week

🥇 Director at Hallador Energy Company ($HNRG)

Charles Ray IV Wesley (Director) at Hallador Energy Company ($HNRG) purchased 20,000 shares at $15.27/share ($305.4K total) which increased their vested holdings by +6.5%. The current price is $16.19 (+6.0%). Their median purchase size is $128.39K and this is their 1st largest purchase out of 7 all time. link

Historic Returns
1m returns: +9.4% weighted | 50% win rate (3/6)
3m returns: +29.4% weighted | 67% win rate (4/6)
6m returns: +33.8% weighted | 60% win rate (3/5)
1y returns: +40.8% weighted | 50% win rate (2/4)

🥈 Director at Bausch Health Companies Inc. ($BHC)

John Paulson (Director) at Bausch Health Companies Inc. ($BHC) purchased 34,721,118 shares at $9.00/share ($312.49M total) which increased their vested holdings by +96.4%. The current price is $7.49 (-16.7%). Their median purchase size is $81.15M and this is their 1st largest purchase out of 7 all time. link

Historic Returns

1m returns: +1.0% weighted | 100% win rate (5/5)
3m returns: +14.1% weighted | 100% win rate (3/3)
6m returns: +10.3% weighted | 100% win rate (3/3)
1y returns: +22.3% weighted | 100% win rate (3/3)

This is his 2nd insider purchase at this company in the last 30 days

🥉 [SALE] Director at Cipher Mining Inc. ($CIFR)

CARY M GROSSMAN (Director) at Cipher Mining Inc. ($CIFR) made a large, unusual sale. They just sold 75,000 shares at $5.89/share ($441.75K total) which decreased their vested holdings by -25.0%. The current price is $6.38 (+8.3%). Their median sale size is $355.35K and this is their 1st largest sale out of 3 all time. link

Historic Returns
1m returns: +5.4% weighted | 50% win rate (1/2)
3m returns: +17.0% weighted | 100% win rate (2/2)
6m returns: -12.4% weighted | 0% win rate (0/2)
1y returns: +4.6% weighted | 50% win rate (1/2)

Note: Selling the rip (stock was up 22.03% in the week 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)

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 📈 Largest Insider Buys (last week)

• Director at Bausch Health Companies Inc. (BHC) purchased 34,721,118 shares at $9.0 for $312.49M. This is their 1st largest purchase (out of 7) and increased their vested position to 70,755,869 shares (+96.35%). +0.99% 1m (+100.00% win rate) / +14.06% 3m (+100.00% win rate) avg returns on 7 previous purchases. This is the 2nd insider purchase at this company in the last 30 days. - link

• Director at Madrigal Pharmaceuticals, Inc. (MDGL) purchased 97,065 shares at $380.58 for $36.94M. This is their 22nd largest purchase (out of 76) and increased their vested position to 2,150,781 shares (+4.73%). -3.08% 1m (+63.33% win rate) / +13.86% 3m (+62.07% win rate) avg returns on 76 previous purchases. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

• Director at Energy Transfer LP (ET) purchased 2,000,000 shares at $17.34 for $34.68M. This is their 8th largest purchase (out of 30) and increased their vested position to 304,295,818 shares (+0.66%). -4.71% 1m (+34.48% win rate) / +4.81% 3m (+78.57% win rate) avg returns on 30 previous purchases. This appears to be a regularly scheduled yearly transaction. This is the 1st insider purchase at this company in the last 30 days. - link

• Director at Soho House & Co Inc. (SHCO) purchased 4,400,000 shares at $6.0 for $26.4M. This is their 1st largest purchase (out of 2) and increased their vested position to 99,544,944 shares (+4.62%). +4.76% 1m (+100.00% win rate) / +4.92% 3m (+100.00% win rate) avg returns on 2 previous purchases. Is part of a purchase agreement. This is the 1st insider purchase at this company in the last 30 days. - link

• Director at Madrigal Pharmaceuticals, Inc. (MDGL) purchased 68,618 shares at $364.04 for $24.98M. This is their 33rd largest purchase (out of 77) and increased their vested position to 2,053,716 shares (+3.46%). -3.08% 1m (+63.33% win rate) / +13.86% 3m (+62.07% win rate) avg returns on 77 previous purchases. 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

• 10% Owner at Resideo Technologies, Inc. (REZI) purchased 682,641 shares at $32.11 for $21.92M. This is their 4th largest purchase (out of 5) and increased their vested position to 12,815,208 shares (+5.63%). +1.16% 1m (+100.00% win rate) / +11.98% 3m (+100.00% win rate) avg returns on 5 previous purchases. This is the 4th insider purchase at this company in the last 30 days. - link

• 10% Owner at Resideo Technologies, Inc. (REZI) purchased 654,024 shares at $31.6 for $20.67M. This is their 5th largest purchase (out of 4) and increased their vested position to 12,132,567 shares (+5.70%). +1.16% 1m (+100.00% win rate) / +11.98% 3m (+100.00% win rate) avg returns on 4 previous purchases. This is the 3rd insider purchase at this company in the last 30 days. - link

• 10% Owner at Atai Life Sciences N.V. (ATAI) purchased 8,675,799 shares at $2.19 for $19.0M. This is their 2nd largest purchase (out of 15) and increased their vested position to 52,844,516 shares (+19.64%). -14.83% 1m (+14.29% win rate) / -7.17% 3m (+14.29% win rate) avg returns on 15 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

• 10% Owner at ProFrac Holding Corp. (ACDC) purchased 2,500,000 shares at $4.0 for $10.0M. This is their 6th largest purchase (out of 33) and increased their vested position to 82,389,657 shares (+3.13%). -4.24% 1m (+40.74% win rate) / -13.47% 3m (+37.04% win rate) avg returns on 33 previous purchases. Is part of a dividend reinvestment. Is part of a public offering. This appears to be a regularly scheduled yearly transaction. Buying the dip (stock was down -36.78% in the week before the purchase). 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

• 10% Owner at ProFrac Holding Corp. (ACDC) purchased 2,500,000 shares at $4.0 for $10.0M. This is their 2nd largest purchase (out of 6) and increased their vested position to 3,665,132 shares (+214.57%). -5.89% 1m (+25.00% win rate) / -16.09% 3m (+25.00% win rate) avg returns on 6 previous purchases. Buying the dip (stock was down -36.78% in the week before the purchase). 1 other insider also purchased the stock (2 total purchases in last 30 days). - link

📉 Largest Insider Sells (last week)

• 10% Owner at Solventum Corporation (SOLV) sold 8,800,000 shares at $73.45 for $646.36M. This is their 1st largest sale (out of 1) and decreased their vested position to 25,569,190 shares (-25.60%). No returns available. This is the 1st insider sale at this company in the last 30 days. - link

• Director at CoreWeave, Inc. (CRWV) sold 4,000,000 shares at $92.96 for $371.85M. This is their 1st largest sale (out of 1) and decreased their vested position to 18,241,600 shares (-17.98%). No returns available. This is the 1st insider sale at this company in the last 30 days. - link

• 10% Owner at Klaviyo, Inc. (KVYO) sold 6,500,000 shares at $30.01 for $195.06M. This is their 1st largest sale (out of 28) and decreased their vested position to 31,327,778 shares (-17.18%). +2.11% 1m (+40.00% win rate) / +1.18% 3m (+29.17% win rate) avg returns on 28 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 Lantheus Holdings, Inc. (LNTH) sold 3,406,000 shares at $56.14 for $191.21M. This is their 1st largest sale (out of 3) and decreased their vested position to 3,477,227 shares (-49.48%). No returns available. This is the 2nd insider sale at this company in the last 30 days. - link

• Other at Garrett Motion Inc. (GTX) sold 9,000,000 shares at $12.27 for $110.43M. This is their 1st largest sale (out of 3) and decreased their vested position to 16,046,809 shares (-35.93%). +0.07% 1m (+100.00% win rate) avg returns on 3 previous sales. No 3m returns available. Selling the rip (stock was up 60.77% in the year before the sale). This is the 5th insider sale at this company in the last 30 days. - link

• Director at AppLovin Corporation (APP) sold 250,200 shares at $433.31 for $108.41M. This is their 3rd largest sale (out of 15) and decreased their vested position to 701,930 shares (-26.28%). +2.43% 1m (+75.00% win rate) / -13.28% 3m (+45.45% win rate) avg returns on 15 previous sales. This appears to be a regularly scheduled yearly transaction. Selling the rip (stock was up 20.33% in the month before the sale). This is the 5th insider sale at this company in the last 30 days (and there was 1 other sale on the same day). - link

• 10% Owner at Bumble Inc. (BMBL) sold 16,689,884 shares at $6.26 for $104.48M. This is their 5th largest sale (out of 9) and decreased their vested position to 37,387,500 shares (-30.86%). No returns available. 1 other insider also sold the stock (2 total sales in last 30 days). - link

• 10% Owner at CoreWeave, Inc. (CRWV) sold 915,382 shares at $100.15 for $91.68M. This is their 5th largest sale (out of 19) and decreased their vested position to 98,065,340 shares (-0.92%). +3.62% 1m (+47.06% win rate) / -1.74% 3m (+70.59% win rate) avg returns on 19 previous sales. This is the 3rd insider sale at this company in the last 30 days (and there was 1 other sale on the same day). - link

• 10% Owner at Garrett Motion Inc. (GTX) sold 5,000,000 shares at $12.42 for $62.1M. This is their 2nd largest sale (out of 16) and decreased their vested position to 31,894,816 shares (-13.55%). -3.52% 1m (+46.67% win rate) / -6.08% 3m (+7.14% win rate) avg returns on 16 previous sales. Selling the rip (stock was up 63.57% in the year before the sale). This is the 8th insider sale at this company in the last 30 days. - link

• Chief Development Officer at CoreWeave, Inc. (CRWV) sold 625,000 shares at $91.71 for $57.32M. This is their 1st largest sale (out of 1) and decreased their vested position to 183,765 shares (-77.28%). No returns available. Is part of a 10b5-1 plan. This is the 4th insider sale at this company in the last 30 days. - link

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