Friday Insider Moves: Notable Buys and Sells in US Stocks

This article highlights the notable insider buying and selling activities for US stocks reported on September 20, 2024.

Top Insider Buys:

Americas CarMart Inc. saw significant insider purchases from several directors. Joshua G. Welch, a director at the company, acquired 23,255 shares at $43.00 each, totaling nearly $1 million. This purchase boosted Welch’s indirect ownership to 148,955 shares and was executed through Vicuna Capital I, LP, where he is a managing member. Another director, Jonathan Z. Buba, made an even larger investment by purchasing 232,558 shares at the same price, amounting to just under $10 million through funds managed by Nantahala Capital Management, LLC, where he is a non-managing member. Additionally, director Ann G. Bordelon purchased 1,232 shares at $43.00 per share, totaling around $52,976. These transactions were part of the company’s underwritten public offering.

Appian Corp experienced notable insider buying from Abdiel Capital Advisors, LP, which holds a ten percent stake in the company. The investment firm conducted multiple purchases over three days within a price range of $33.25 to $33.70, with a total transaction value of approximately $896,691, reflecting a strong confidence in this cloud computing and enterprise software solutions provider.

Zenas BioPharma, Inc. witnessed its CEO, Leon O. Moulder Jr., increase his stake by purchasing a total of 20,000 shares at prices ranging from $17.88 to $18.97, for an aggregate investment of $360,819. The purchases took place over several days, underscoring Moulder’s optimism regarding the company’s future.

Top Insider Sells:

Natera, Inc. reported a notable insider sale by Co-Founder Sheena Jonathan. On September 18, Jonathan sold shares exceeding $2.8 million, with prices in the range of $127.3779 to $128.0748 per share, executed through various transactions as part of pre-arranged trading plans.

Viking Therapeutics, Inc. saw its President and CEO, Brian Lian, dispose of 216,130 shares across multiple transactions, with sale prices ranging from $69.90 to $72.00 per share. The total value of these sales surpassed $15 million and were conducted under a pre-arranged Rule 10b5-1 trading plan.

Nvidia Corp reported insider selling by its Executive Vice President and Chief Financial Officer, Colette Kress, who sold 59,670 shares worth over $7.7 million at weighted average prices from $116.19 to $118.05 per share.

Donnelley Financial Solutions, Inc. director Jeffrey Jacobowitz sold a significant amount of company stock totaling approximately $18.4 million. These sales occurred over three days, with prices ranging from $67.0671 to $70.2041 per share.

Cooper Companies, Inc. President and CEO Albert G. White III sold 114,992 shares in various transactions, with weighted average sale prices of $110.484 and $111.3622 per share, amounting to around $12.71 million.

Investors should closely monitor insider buying and selling activities as they can provide valuable insights into a company’s future prospects. While insider purchases typically signal confidence in a company, sales may occur for a variety of reasons and do not necessarily indicate a lack of belief in the company’s potential. It’s crucial to evaluate these transactions alongside other financial and market data when making investment decisions.

This article was generated with the support of AI and has been reviewed by an editor.