InsiderEdge™ – Top Sales and Top Purchases – January 25, 2024

Top Purchases

The top purchases made by insiders yesterday. Remember, returns and win rates are calculated using the previous purchase trades by the insider.

10% Owner at authID Inc. ($AUID)

The 10% Owner purchased 3,311 shares at $8.89/share ($29,434.79 total) which increased their holdings by 0.3%. The current price is $8.80 (-1.0%). Their median purchase size is $140K and this is their 5th largest purchase out of 5 all time. (SEC Source)

Historic Returns
1m returns: 77% weighted | 30% median | 50% win rate (2/4)
3m returns: 187% weighted | 103% median | 100% win rate (2/2)
6m returns: 145% weighted | 145% median | 100% win rate (1/1)
1y returns: N/A% weighted | N/A% median | N/A% win rate (0/0)

10% Owner at KalVista Pharmaceuticals, Inc. ($KALV)

The 10% Owner purchased 99,129 shares at $12.53/share ($1.24M total) which increased their holdings by 2.2%. The current price is $12.16 (-2.9%). Their median purchase size is $1.76M and this is their 7th largest purchase out of 10 all time. (SEC Source)

Historic Returns
1m returns: 86% weighted | 17% median | 100% win rate (4/4)
3m returns: 46% weighted | 30% median | 50% win rate (2/4)
6m returns: 19% weighted | 3% median | 50% win rate (2/4)
1y returns: 37% weighted | 20% median | 50% win rate (2/4)

Note: 6th purchase in the last month. I believe they have some trial data expected to come out this quarter


Top Sales

The top sales made by insiders yesterday. Remember, returns and win rates are calculated using the previous sell trades by the insider. For sell transactions, “win rate” is the percent of profitable trades. If the “win rate” is low, that means the stock typically falls after the insider sells.

10% Owner at MSC Industrial Direct Co. Inc. ($MSM)

The 10% Owner sold 93,538 shares at $97.54/share ($9.12M total) which decreased their holdings by 1.2%. The current price is $95.28 (-2.3%). Their median sale size is $2.24M and this is their 4th largest sale out of 23 all time. (SEC Source)

Historic Returns
1m returns: -30% weighted | -32% median | 0% win rate (0/22)
3m returns: -31% weighted | -33% median | 0% win rate (0/22)
6m returns: -33% weighted | -35% median | 0% win rate (0/22)
1y returns: -36% weighted | -38% median | 0% win rate (0/22)

Senior Vice President at Commerce Bancshares Inc. ($CBSH)

The Senior Vice President sold 422 shares at $54.93/share ($23,180.46 total) which decreased their holdings by 4.7%. The current price is $54.17 (-1.4%). Their median sale size is $19,110.70 and this is their 2nd largest sale out of 4 all time. (SEC Source)

Historic Returns
1m returns: -12% weighted | -16% median | 0% win rate (0/3)
3m returns: -23% weighted | -22% median | 0% win rate (0/3)
6m returns: -25% weighted | -23% median | 0% win rate (0/2)
1y returns: -31% weighted | -31% median | 0% win rate (0/1)

Chief Business Officer at Cullinan Oncology, Inc. ($CGEM)

The Chief Business Officer sold 40,000 shares at $12.31/share ($493K total) which decreased their holdings by 19.4%. The current price is $12.50 (+1.5%). Their median sale size is $493K and this is their 2nd largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: -5% weighted | -7% median | 0% win rate (0/2)
3m returns: -12% weighted | -15% median | 0% win rate (0/2)
6m returns: -22% weighted | -24% median | 0% win rate (0/2)
1y returns: -25% weighted | -27% median | 0% win rate (0/2)

Note: This is their first sale as part of a 10b5-1 program initiated in June

Director at Argan Inc. ($AGX)

The Director sold 100,000 shares at $43.83/share ($4.38M total) which decreased their holdings by 24.9%. The current price is $43.70 (-0.3%). Their median sale size is $264K and this is their 1st largest sale out of 12 all time. (SEC Source)

Historic Returns
1m returns: -22% weighted | -18% median | 0% win rate (0/11)
3m returns: -12% weighted | -2% median | 27% win rate (3/11)
6m returns: -16% weighted | -10% median | 0% win rate (0/11)
1y returns: -28% weighted | -7% median | 0% win rate (0/11)

Vice Chairman at Travelers Companies Inc. ($TRV)

The Vice Chairman sold 26,633 shares at $212.76/share ($5.67M total) which decreased their holdings by 9.3%. The current price is $210.98 (-0.8%). Their median sale size is $745K and this is their 1st largest sale out of 88 all time. (SEC Source)

Historic Returns
1m returns: -11% weighted | -12% median | 3% win rate (3/87)
3m returns: -12% weighted | -12% median | 9% win rate (8/86)
6m returns: -10% weighted | -10% median | 10% win rate (9/86)
1y returns: -8% weighted | -8% median | 22% win rate (19/85)


Disclaimer: The content provided by InsiderEdge™ is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. The historical performance noted in this post is not is not indicative of future results. Investing involves risk, including the potential loss of principal. Use the platform at your own risk and consult a financial advisor before making any investment decisions. In partnership with Yellowbrick Investing Inc.

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