Tuesday's Insider Trades: Major Buys at MBX Biosciences, Sells at Palantir

This article summarizes the top insider buys and sells for US stocks on Tuesday, September 17, 2024.

Top Insider Buys:

• MBX Biosciences, Inc. (NASDAQ:MBX) saw significant insider buying activity following its recent initial public offering. Edward T. Mathers, a director and significant shareholder, purchased 500,000 shares at $16.00 per share, totaling $8 million, among others



Top Insider Sells:

• SS&C Technologies Holdings Inc (NASDAQ:SSNC ) director Normand A. Boulanger sold 130,000 shares at a weighted average price of $75.3756, totaling approximately $9.7 million. Boulanger also exercised options to acquire 180,000 shares at $28.265 per share, amounting to $5.1 million.

• Palantir Technologies Inc . (NYSE:NYSE:PLTR ) CEO Alexander Karp sold a total of over $300 million worth of company stock. On September 16, Karp sold 4,500,000 shares at an average price of $36.0697, and on September 17, he sold an additional 4,253,498 shares at prices ranging from $36.2611 to $37.04.

• Michele Logan, a director and major shareholder of CompoSecure, Inc. (NASDAQ:CMPO), sold 10,017,983 shares at $7.55 each, totaling over $125 million. This sale was part of a broader agreement involving Tungsten LLC's purchase of shares from Logan and associated entities.

• Equity Lifestyle (NYSE:ELS ) Properties Inc (NYSE:ELS) President and CEO Marguerite M. Nader sold 33,000 shares at an average price of $75.52 per share, amounting to over $2.4 million. Nader retains 260,936 shares after the transaction.

• LLR Equity Partners entities sold a total of 29,774,258 shares of CompoSecure, Inc. (NASDAQ:CMPO) at $7.55 per share, totaling approximately $224.8 million. This sale occurred after converting Class B Common Units into Class A Common Stock.

Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company's prospects. While insider trading activity alone should not be the sole basis for investment decisions, it can offer additional context when combined with other fundamental and technical analysis. Insiders often have unique knowledge about their company's operations and future outlook, making their trading activities a potentially useful indicator for market participants.

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Source: Investing.com