Top insider trades (week of July 19)

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 509 insider trades and found:

  • OSCR is underperforming by 25% since we found a director making a top sale

  • The Chief Medical Officer at INSY with 11% 3m returns and a 90% win rate just sold $1M of the stock

  • A director at $NEGG bought the stock four days in a row

  • Bezos sells another $1.67B of AMZN. He is now more than 50% of the way through his 10b5-1 plan

  • Intel sold $1B of MBLY

  • Brian Armstrong sells another $227M of COIN

  • 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

OSCR is now down almost 20% since we found a director making a Top Insider Sale in the May 15th Premium email. They sold $410k of the stock, it was unscheduled, and the stock fell 16% in one month after their previous sale.

The stock opened at $16.45 and is down to $13.31 (-19%) while the S&P is up 6%.

Get a free 30-day free trial of CEO Watcher Premium (no credit card required) at ceowatcher.com.

👀 Top Insider Trades this Week

🥇 [SELL] EVP & Chief Medical Officer at Incyte Corporation ($INCY)

Steven H Stein (EVP & Chief Medical Officer) at Incyte Corporation ($INCY) made a large, unusual sale. They just sold 14,952 shares at $68.47/share ($1.02M total) which decreased their vested holdings by -8.3%. The current price is $68.07 (-0.5%). Their median sale size is $1.22M and this is their 5th largest sale out of 11 all time. link

Historic Returns
1m returns: +5.0% weighted | 70% win rate (7/10)
3m returns: +11.1% weighted | 90% win rate (9/10)
6m returns: +11.3% weighted | 78% win rate (7/9)
1y returns: +13.2% weighted | 75% win rate (6/8)

Note: This is the 6th insider sale at this company in the last 30 days (and there were 2 other sales on the same day)

🥈 Director at Newegg ($NEGG)

Director at Newegg purchased $21M of the stock in 4 different transactions this week at prices from $19.84 all the way up to $41.14. It’s the first-ever insider purchases at the company. link

🥉 [SELL] Brian Armstrong sells another $228M of $COIN

Brian Armstrong sells over $100M of the stock for just the 3rd time ever (out of 67 previous sales). Two of those $100M sales have come in the last 3 weeks after COIN’s 130% stock increase in the previous 3 months. As you can see from the screenshot below, the only other time he sold over $100M was followed by a 50% stock crash in the next 5 months. link

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 📈 Largest Insider Buys (last week)

  • Director at CRISPR Therapeutics AG (CRSP) purchased 989,812 shares at $52.03 for $51.5M. This is their 1st largest purchase (out of 10) and increased their vested position to 2,038,763 shares (+94.36%). -1.67% 1m (0.00% win rate) / -26.78% 3m (0.00% win rate) avg returns on 10 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

  • Director at Cogent Biosciences, Inc. (COGT) purchased 2,777,777 shares at $9.0 for $25.0M. This is their 2nd largest purchase (out of 14) and increased their vested position to 9,003,418 shares (+44.62%). +0.89% 1m (+38.46% win rate) / -1.83% 3m (+23.08% 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 Newegg Commerce, Inc. (NEGG) purchased 222,222 shares at $41.14 for $9.14M. This is their 1st largest purchase (out of 7) and increased their vested position to 2,444,444 shares (+10.00%). -13.98% 1m (0.00% win rate) / -15.52% 3m (0.00% win rate) avg returns on 7 previous purchases. This is the 2nd insider purchase at this company in the last 30 days. - link

  • President, CEO, & Chair at Asana, Inc. (ASAN) purchased 447,684 shares at $14.2 for $6.36M. This is their 41st largest purchase (out of 68) and increased their vested position to 56,980,138 shares (+0.79%). -6.22% 1m (+53.97% win rate) / -22.84% 3m (+27.42% win rate) avg returns on 68 previous purchases. This is the 4th insider purchase at this company in the last 30 days. - link

  • President, CEO, & Chair at Asana, Inc. (ASAN) purchased 450,000 shares at $13.98 for $6.29M. This is their 42nd largest purchase (out of 69) and increased their vested position to 57,430,138 shares (+0.79%). -6.22% 1m (+53.97% win rate) / -22.84% 3m (+27.42% win rate) avg returns on 69 previous purchases. This appears to be a regularly scheduled weekly transaction. This is the 5th insider purchase at this company in the last 30 days. - link

  • 10% Owner at Newegg Commerce, Inc. (NEGG) purchased 111,111 shares at $29.56 for $3.28M. This is their 2nd largest purchase (out of 8) and increased their vested position to 2,555,555 shares (+4.55%). -13.98% 1m (0.00% win rate) / -15.52% 3m (0.00% win rate) avg returns on 8 previous purchases. This is the 3rd insider purchase at this company in the last 30 days. - link

  • 10% Owner at Newegg Commerce, Inc. (NEGG) purchased 122,119 shares at $19.84 for $2.42M. This is their 5th largest purchase (out of 6) and increased their vested position to 2,222,222 shares (+5.81%). -13.98% 1m (0.00% win rate) / -15.52% 3m (0.00% win rate) avg returns on 6 previous purchases. This is the 1st insider purchase at this company in the last 30 days. - link

  • Director at Bitmine Immersion Technologies, Inc. (BMNR) purchased 444,444 shares at $4.5 for $1000.0K. This is their 1st largest purchase (out of 1) and increased their vested position to 444,444 shares (0%). No returns available. Buying the dip (stock was down -61.83% in the week before the purchase). This is the 1st insider purchase at this company in the last 30 days. - link

  • CEO & President at Dyne Therapeutics, Inc. (DYN) purchased 100,000 shares at $9.11 for $911.0K. This is their 2nd largest purchase (out of 2) and increased their vested position to 274,179 shares (+57.41%). -6.74% 1m (0.00% win rate) / -16.31% 3m (0.00% win rate) avg returns on 2 previous purchases. Buying the dip (stock was down -42.54% in the month before the purchase). This is the 1st insider purchase at this company in the last 30 days. - link

  • 10% Owner at Shenandoah Telecommunications Company (SHEN) purchased 51,354 shares at $14.65 for $752.15K. This is their 3rd largest purchase (out of 11) and increased their vested position to 2,873,506 shares (+1.82%). +6.49% 1m (+100.00% win rate) avg returns on 11 previous purchases. No 3m returns available. This is the 4th insider purchase at this company in the last 30 days. - link

📉 Largest Insider Sells (last week)

  • Executive Chair at Amazon.com, Inc. (AMZN) sold 6,715,424 shares at $225.21 for $1.51B. This is their 5th largest sale (out of 65) and decreased their vested position to 895,279,901 shares (-0.74%). +1.06% 1m (+68.85% win rate) / -3.77% 3m (+42.62% win rate) avg returns on 65 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled weekly transaction. This is the 5th insider sale at this company in the last 30 days. - link

  • 10% Owner at Mobileye Global Inc. (MBLY) sold 63,731,985 shares at $16.05 for $1.02B. This is their 2nd largest sale (out of 3) and decreased their vested position to 647,768,015 shares (-8.96%). -77.21% 1m (0.00% win rate) / -97.21% 3m (0.00% win rate) avg returns on 3 previous sales. Selling the rip (stock was up 30.53% in the three months before the sale). This is the 1st insider sale at this company in the last 30 days. - link

  • 10% Owner at Bloom Energy Corporation (BE) sold 10,000,000 shares at $27.6 for $276.0M. This is their 1st largest sale (out of 1) and decreased their vested position to 13,491,701 shares (-42.57%). No returns available. Selling the rip (stock was up 45.03% in the three months before the sale). This is the 3rd insider sale at this company in the last 30 days. - link

  • Executive Chair at Amazon.com, Inc. (AMZN) sold 733,195 shares at $227.02 for $166.45M. This is their 56th largest sale (out of 66) and decreased their vested position to 894,546,706 shares (-0.08%). +1.06% 1m (+68.85% win rate) / -3.77% 3m (+42.62% win rate) avg returns on 66 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled weekly transaction. This is the 6th insider sale at this company in the last 30 days. - link

  • Chairman and CEO at Coinbase Global, Inc. (COIN) sold 381,806 shares at $397.53 for $151.78M. This is their 4th largest sale (out of 76) and decreased their vested position to 25,840,144 shares (-1.46%). +8.32% 1m (+50.00% win rate) / +9.68% 3m (+41.79% win rate) avg returns on 76 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled monthly transaction. Selling the rip (stock was up 61.81% in the month before the sale). This is the 9th insider sale at this company in the last 30 days (and there was 1 other sale on the same day). - link

  • Director at Dell Technologies Inc. (DELL) sold 600,000 shares at $127.56 for $76.53M. This is their 11th largest sale (out of 36) and decreased their vested position to 60,087,796 shares (-0.99%). +2.88% 1m (+54.55% win rate) / -5.93% 3m (+55.17% win rate) avg returns on 36 previous sales. This appears to be a regularly scheduled yearly transaction. Selling the rip (stock was up 48.46% in the three months before the sale). This is the 7th insider sale at this company in the last 30 days. - link

  • Chairman and CEO at Coinbase Global, Inc. (COIN) sold 193,194 shares at $394.85 for $76.28M. This is their 6th largest sale (out of 75) and decreased their vested position to 26,221,950 shares (-0.73%). +8.32% 1m (+50.00% win rate) / +9.68% 3m (+41.79% win rate) avg returns on 75 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled monthly transaction. Selling the rip (stock was up 59.87% in the month before the sale). This is the 7th insider sale at this company in the last 30 days. - link

  • 10% Owner at Carvana Co. (CVNA) sold 200,000 shares at $351.22 for $70.24M. This is their 5th largest sale (out of 419) and decreased their vested position to 99,534,027 shares (-0.20%). -7.65% 1m (+34.14% win rate) / -17.84% 3m (+33.17% win rate) avg returns on 419 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled weekly transaction. Selling the rip (stock was up 66.67% in the three months before the sale). This is the 20th insider sale at this company in the last 30 days. - link

  • 10% Owner at Carvana Co. (CVNA) sold 194,554 shares at $349.27 for $67.95M. This is their 6th largest sale (out of 420) and decreased their vested position to 99,096,281 shares (-0.20%). -7.65% 1m (+34.14% win rate) / -17.84% 3m (+33.17% win rate) avg returns on 420 previous sales. Is part of a 10b5-1 plan. This appears to be a regularly scheduled monthly transaction. Selling the rip (stock was up 62.95% in the three months before the sale). This is the 23rd insider sale at this company in the last 30 days. - link

  • Director at Acushnet Holdings Corp. (GOLF) sold 953,406 shares at $65.56 for $62.51M. This is their 4th largest sale (out of 8) and decreased their vested position to 29,523,653 shares (-3.13%). +3.24% 1m (+100.00% win rate) / -4.44% 3m (+50.00% win rate) avg returns on 8 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

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