Insider Trading Roundup: Notable Buys and Sells from Wednesday

This article highlights the significant insider buying and selling activities for US stocks on Wednesday.

Top Insider Buys:

• NexPoint Diversified Real Estate Trust: James Dondero, the President, made substantial stock purchases totaling $155,129, with share prices ranging from $13.70 to $15.73. Notably, some shares were acquired for custodial accounts for his children under the Uniform Transfers to Minors Act (UTMA), indicating a commitment to long-term investment.

• Dave & Buster’s Entertainment, Inc.: CEO Christopher Daniel Morris purchased 14,912 shares at an average price between $33.51 and $33.88 for a total of approximately $502,161. This transaction, conducted on October 7, 2024, brought his total holdings to 83,847 shares, suggesting strong confidence in the company’s prospects.

• Goldman Sachs Group Inc.: Mark A. Flaherty, a director, bought additional shares valued at around $29,544. These purchases were made over several months at prices from $297.07 to $498.87 per share, as part of a discontinued dividend reinvestment program, and are held in a revocable trust where he is the beneficiary.

Top Insider Sells:

• Arista Networks, Inc.: Kenneth Duda, Chief Technology Officer, sold shares exceeding $15 million through multiple transactions at prices ranging from $391.03 to $398.98, including direct and indirect sales through a children’s trust and a foundation.

• ACM Research, Inc.: A director sold shares totaling over $23 million, with prices ranging from $21.13 to $26.01, reflecting a significant reduction in the director’s holdings.

• Trade Desk Inc.: CEO Jeffrey Green divested over $45 million in Class A Common Stock through multiple sales, with prices from $111.75 to $113.35.

• Workday, Inc.: David A. Duffield sold shares valued at over $30 million under a Rule 10b5-1 trading plan, with prices ranging from $235.45 to $241.36.

• Datadog, Inc.: CEO Olivier Pomel sold 85,637 shares, totaling more than $10 million, at prices between $121.74 and $123.42, following a pre-arranged 10b5-1 trading plan.

Investors should closely monitor insider trading activities for valuable insights into a company’s outlook. While insider buying often reflects confidence in future performance, insider selling can have various motivations and does not necessarily indicate a negative perspective. It’s essential to evaluate these transactions in conjunction with other financial metrics and market trends when making investment decisions.