Insider Trading Roundup: Monday's Top Buys and Sells in US Stocks

This article summarizes the most significant insider buys and sells reported for US stocks on Monday (NASDAQ:MNDY ), November 4, 2024.

Top Insider Buys:

Palladyne AI Corp. (NASDAQ:PDYN): Dennis Weibling, a director at Palladyne AI Corp., made a substantial purchase of 215,053 shares valued at approximately $473,116. The shares were acquired at $2.20 each, increasing Weibling's direct ownership to 389,884 shares. Weibling also holds indirect interests through On Eagles Wings Investments, LLC and the Weibling Living Trust. In related news, Palladyne AI Corp. has entered into a securities purchase agreement with an institutional investor and insiders, including the CEO and board members, for the sale of nearly 2.8 million shares and equivalent warrants, with expected gross proceeds of about $7 million.

Palladyne AI Corp. (NASDAQ:PDYN): Benjamin Wolff, the President and CEO of Palladyne AI Corp., acquired 107,526 shares of common stock at $2.20 each, totaling $236,557. Wolff now holds a significant stake in the company through various ownership structures, including direct holdings and shares held through a trust and an LLC.

Sleep Number Corp (NASDAQ:SNBR ): Stadium Capital Management LLC and its affiliates increased their stake in Sleep Number Corp with purchases totaling approximately $2.57 million. The transactions, executed between October 31 and November 4, involved acquiring shares at prices ranging from $12.9303 to $13.9648. Stadium Capital Partners (WA:CPAP ), L.P., and Stadium Special Opportunity (SO:FTCE11B ) I, L.P., both linked to Stadium Capital Management, now hold over 2 million shares directly.

Columbus McKinnon Corp (NASDAQ:CMCO ): David J. Wilson, the President and CEO of Columbus (WA:CLC ) McKinnon Corp, purchased 31,300 shares of common stock through two transactions. The shares were acquired at prices ranging from $31.85 to $32.10 per share, totaling approximately $1,002,155. The shares were acquired indirectly by The Wilson Family Children's Trust, where Wilson's spouse serves as a trustee.

MAIA Biotechnology, Inc. (NYSE:MAIA): Stan Smith, a director at MAIA Biotechnology, Inc., acquired 100,000 shares of the company's common stock at $2.51 each, amounting to a total investment of $250,999. The transaction was conducted through The Stan V. Smith Trust Dated 1993 and was part of a Securities Purchase Agreement issued under MAIA's 2021 Equity Incentive Plan.

Top Insider Sells:

Ecolab Inc . (NYSE:NYSE:ECL ): Cascade Investment, L.L.C., managed by Bill Gates, reported significant sales of Ecolab Inc. stock. The firm sold a total of 633,665 shares at prices ranging from $243.15 to $249.87, amounting to approximately $195.9 million. Following these transactions, Cascade Investment's holdings in Ecolab were reduced to 30,388,741 shares.

L3Harris Technologies Inc. (NYSE:NYSE:LHX ): Christopher E. Kubasik, Chair and CEO of L3Harris Technologies Inc., sold 21,351 shares at an average price of $248.11, totaling approximately $5.3 million. This sale followed the exercise of non-qualified stock options. After these transactions, Kubasik holds 130,506.36 shares directly and retains indirect ownership of 28,808 shares through a grantor retained annuity trust.

Netflix Inc. (NASDAQ:NFLX ): Reed Hastings, Executive Chairman of Netflix Inc., sold shares totaling approximately $31.5 million. The sales involved multiple trades with prices ranging from $748.72 to $763.26 per share. Hastings also exercised options to acquire 41,601 shares at $68.61 per share, amounting to about $2.85 million.

Dutch Bros Inc. (NYSE:NYSE:BROS ): DM Trust Aggregator, LLC, a significant shareholder of Dutch Bros Inc., sold 169,608 shares of Class A Common Stock, amounting to approximately $5.66 million. The shares were sold at a weighted average price of $33.37 per share.

Dutch Bros Inc. (NYSE:BROS): Travis Boersma, the Executive Chairman of Dutch Bros Inc., sold a total of 285,462 shares in two separate transactions, amounting to approximately $9.53 million. The first transaction involved the sale of 169,608 shares at a weighted average price of $33.37 per share.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market information when evaluating potential investment opportunities.

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Source: Investing.com