Insider Activity Recap: Thursday’s Leading Buys and Sells in US Stocks

This article provides an overview of notable insider buying and selling activities from the trading session on Thursday for US-listed companies.

Top Insider Buys:

Tectonic Therapeutic, Inc. experienced significant insider buying as director Timothy A. Springer raised his stake in the company with stock purchases amounting to over $1.4 million. On September 26, Springer bought shares at prices between $28.16 and $30.87, reflecting strong confidence in the biotechnology firm. The transactions included 24,531 shares at an average price of $28.16, 18,999 shares at $29.13, 4,070 shares at $30.10, and 2,400 shares at $30.87. As a result, Springer’s total ownership in Tectonic Therapeutic now amounts to 3,796,764 shares.

PBF Energy Inc. also saw significant insider buying from Control Empresarial de Capitales S.A. de C.V., a major shareholder. The firm purchased $6 million worth of PBF Energy shares across two transactions on September 24 and 25, at prices ranging from $30.9256 to $31.7861, further enhancing its already substantial stake in the petroleum refining company. Control Empresarial de Capitales now holds over 23 million shares of PBF Energy.

Top Insider Sells:

Roivant Sciences Ltd. experienced considerable insider selling from two sources. QVT Financial LP, an investment firm, sold a total of over $10 million worth of shares across consecutive days. On the first day, QVT Financial LP sold 50,000 shares at $11.77 each, followed by 876,000 shares at $11.82 the next day. Additionally, director Daniel Allen Gold sold a significant portion of his holdings, valued at over $51 million, with sales occurring between September 24 and September 26 at prices ranging from $11.625 to $11.82 per share.

Palantir Technologies Inc. co-founder and board member Peter Thiel sold more than $597 million worth of shares over several days, with prices per share between $36.7702 and $37.6466. Thiel’s transactions involved a total of 16,178,415 shares between September 24 and September 26.

Broadcom Inc. President and CEO Hock E. Tan sold a large portion of his holdings on September 24, 2024, offloading 150,000 shares at a price of $172.94 each, totaling over $25.9 million. After the sale, he directly owns 1,181,910 shares held in a trust and has indirect ownership of 107,530 shares.

Adobe Inc. CEO Shantanu Narayen also made significant sales, totaling over $13 million on September 25, with share prices ranging from $520.25 to $525.6993. These transactions were carried out indirectly through The Narayen Family Trust, which Narayen oversees.

Investors are encouraged to monitor insider buying and selling trends, as they can offer valuable insights into a company’s potential. While insider purchases can indicate confidence in a company’s future, sales may occur for various reasons and don’t necessarily signal negative sentiment. It is important to interpret these activities in conjunction with other analytical methods when making investment decisions.