Friday Insider Moves: Top Buys and Sells in US Stocks

This article summarizes the most significant insider buying and selling activities for US stocks reported on Friday, September 20, 2024.

Top Insider Buys:

Americas CarMart Inc. (NASDAQ:CRMT) saw substantial insider purchases from multiple directors. Joshua G. Welch, a director at Americas CarMart Inc, acquired 23,255 shares at $43.00 each, totaling nearly $1 million. The purchase was made through Vicuna Capital I, LP, where Welch serves as a managing member of the general partner. This transaction increased Welch's indirect ownership to 148,955 shares. Another director, Jonathan Z. Buba, made an even larger investment, purchasing 232,558 shares at $43.00 per share, amounting to just under $10 million. This acquisition was conducted through funds and accounts managed by Nantahala Capital Management, LLC, where Buba is a non-managing member. Additionally, director Ann G. Bordelon bought 1,232 shares at $43.00 per share, for a total investment of $52,976. These purchases were part of the company's underwritten public offering of common stock.

Appian Corp (NASDAQ:APPN ) experienced significant insider buying from Abdiel Capital Advisors, LP, a ten percent owner of the company. The investment firm made a series of purchases over three days, acquiring shares at prices ranging from $33.25 to $33.70. The total value of these transactions amounted to approximately $896,691, demonstrating a strong vote of confidence in the cloud computing and enterprise software solutions provider.

Zenas BioPharma, Inc. (NASDAQ:ZBIO) saw its Chief Executive Officer, Leon O. Moulder Jr., increase his stake in the company. Moulder purchased a total of 20,000 shares at prices ranging from $17.88 to $18.97, with a total investment of $360,819. The transactions occurred over several days, reflecting the CEO's confidence in the company's future prospects.

Top Insider Sells:

Natera, Inc. (NASDAQ:NTRA ) reported a significant insider sale by Co-Founder Sheena Jonathan. On September 18, Jonathan sold shares totaling over $2.8 million, with prices ranging from $127.3779 to $128.0748 per share. The sales were conducted through multiple transactions as part of pre-arranged trading plans.

Viking Therapeutics, Inc. (NASDAQ:VKTX ) saw its President and CEO, Brian Lian, sell a substantial portion of his holdings. Lian disposed of 216,130 shares in multiple transactions, with prices ranging from $69.90 to $72.00 per share. The total value of these sales exceeded $15 million and were executed under a pre-arranged Rule 10b5-1 trading plan.

Nvidia Corp (NASDAQ:NVDA ) reported insider selling activity from its Executive Vice President and Chief Financial Officer, Colette Kress. Kress sold 59,670 shares with a total value exceeding $7.7 million. The transactions occurred at weighted average prices ranging from $116.19 to $118.05 per share.

Donnelley Financial Solutions, Inc. (NYSE:NYSE:DFIN ) director Jeffrey Jacobowitz sold a significant amount of company stock, totaling approximately $18.4 million. The sales took place over three days, with prices ranging from $67.0671 to $70.2041 per share.

Cooper Companies, Inc. (NYSE:COO) President and CEO Albert G. White III sold 114,992 shares in multiple transactions. The sales were executed at weighted average prices of $110.484 and $111.3622 per share, totaling approximately $12.71 million.

Investors should pay attention to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider purchases often signal confidence in a company's future, insider sales may occur for various reasons and do not necessarily indicate a lack of faith in the company. It's essential to consider these transactions alongside other financial and market information when making investment decisions.

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Source: Investing.com