Insider Trading Roundup: Wednesday's Notable Buys and Sells

This article summarizes the top insider buys and sells for US stocks on Wednesday.

Top Insider Buys:

• NexPoint Diversified Real Estate Trust (NYSE:NXDT): James Dondero, President of NexPoint Diversified Real Estate Trust, made significant stock purchases totaling $155,129. The transactions occurred on various dates, with share prices ranging from $13.70 to $15.73. Notably, Dondero acquired shares for custodial accounts of his children under the Uniform Transfers to Minors Act (UTMA), demonstrating a long-term investment perspective.

• Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY): Christopher Daniel Morris, Chief Executive Officer of Dave & Buster's Entertainment, Inc., purchased 14,912 shares at a weighted average price between $33.51 and $33.88, totaling approximately $502,161. This substantial acquisition, executed on October 7, 2024, increased Morris's total holdings to 83,847 shares, signaling strong confidence in the company's future.

• Goldman Sachs Group Inc. (NYSE:GS ): Mark A. Flaherty, a director at Goldman Sachs Group Inc., acquired additional shares worth approximately $29,544. The purchases were made over several months at prices ranging from $297.07 to $498.87 per share. These acquisitions were part of a discontinued dividend reinvestment program and are held in a revocable trust where Flaherty is the beneficiary.

Top Insider Sells:

• Arista Networks , Inc. (NYSE:NYSE:ANET ): Kenneth Duda, Chief Technology Officer and Senior Vice President of Software Engineering, sold shares worth over $15 million. The transactions involved multiple sales at prices ranging from $391.03 to $398.98, including direct sales and indirect sales through a children's trust and a foundation.

• ACM Research, Inc. (NASDAQ:ACMR ): A director at ACM Research, Inc. sold shares totaling over $23 million. The transactions occurred over several days, with prices ranging from $21.13 to $26.01 per share, indicating a significant reduction in the director's holdings.

• Trade Desk Inc . (NASDAQ:TTD ): CEO Jeffrey Green sold Class A Common Stock totaling over $45 million. The sales were executed in multiple transactions with prices ranging from $111.75 to $113.35, representing a substantial divestment by the company's chief executive.

• Workday, Inc. (NASDAQ:WDAY ): David A. Duffield, associated with Workday, Inc., sold shares valued at over $30 million. The transactions were carried out under a Rule 10b5-1 trading plan, with prices ranging from $235.4538 to $241.3648 per share.

• Datadog, Inc. (NASDAQ:DDOG ): CEO Olivier Pomel sold 85,637 shares of Class A Common Stock, amounting to over $10 million. The sales were executed at prices between $121.7425 and $123.4198 per share, in accordance with a pre-arranged 10b5-1 trading plan.

Investors should stay tuned to insider trading activities as they can provide valuable insights into a company's prospects. While insider buying often signals confidence in the company's future, insider selling may have various motivations and doesn't necessarily indicate a negative outlook. It's crucial to consider these transactions alongside other financial indicators and market trends when making investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com