InsiderEdge™ – Top Sales and Top Purchases – February 27, 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.

DIVISION CEO OVERSTOCK at BEYOND, INC. ($BYON)

The DIVISION CEO OVERSTOCK purchased 370 shares at $27.05/share ($10,008.50 total) which increased their vested holdings by 0.6%. The current price is $31.40 (+16.1%). Their median purchase size is $10,106.70 and this is their 2nd largest purchase out of 2 all time. (SEC Source)

Historic Returns
1m returns: 121% weighted | 121% median | 100% win rate (1/1)
3m returns: 438% weighted | 438% median | 100% win rate (1/1)
6m returns: 1687% weighted | 1687% median | 100% win rate (1/1)
1y returns: 1744% weighted | 1744% median | 100% win rate (1/1)

Note: His only other purchase was another $10k purchase at the bottom of the COVID dip when $BYON was trading below $4. It then shot up over $100 by August of 2020.

EVP, CORPORATE MKTG & STRATEGY at AXCELIS TECHNOLOGIES INC ($ACLS)

The EVP, CORPORATE MKTG & STRATEGY purchased 500 shares at $111.04/share ($55,520.00 total) which increased their vested holdings by 2.6%. The current price is $110.69 (-0.3%). Their median purchase size is $45,143.70 and this is their 1st largest purchase out of 3 all time. (SEC Source)

Historic Returns
1m returns: 19% weighted | 16% median | 100% win rate (2/2)
3m returns: 24% weighted | -10% median | 50% win rate (1/2)
6m returns: 54% weighted | 9% median | 50% win rate (1/2)
1y returns: 40% weighted | 8% median | 50% win rate (1/2)


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.

Chief Operating Officer at REPLIGEN CORP ($RGEN)

The Chief Operating Officer sold 4,373 shares at $198.08/share ($866K total) which decreased their vested holdings by 19.4%. The current price is $191.79 (-3.2%). Their median sale size is $481K and this is their 1st largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: -12% weighted | -10% median | 0% win rate (0/2)
3m returns: -25% weighted | -14% median | 50% win rate (1/2)
6m returns: -16% weighted | 5% median | 50% win rate (1/2)
1y returns: -27% weighted | -22% median | 0% win rate (0/2)

Director at TechnipFMC plc ($FTI)

The Director sold 12,491 shares at $21.20/share ($265K total) which decreased their vested holdings by 10.7%. The current price is $21.97 (+3.6%). Their median sale size is $265K and this is their 2nd largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: 4% weighted | 4% median | 100% win rate (1/1)
3m returns: -21% weighted | -21% median | 0% win rate (0/1)
6m returns: -19% weighted | -19% median | 0% win rate (0/1)
1y returns: -33% weighted | -33% median | 0% win rate (0/1)

See Remarks at Sally Beauty Holdings, Inc. ($SBH)

The See Remarks sold 10,000 shares at $12.95/share ($130K total) which decreased their vested holdings by 22.2%. The current price is $12.97 (+0.1%). Their median sale size is $98,430.80 and this is their 1st largest sale out of 2 all time. (SEC Source)

Historic Returns
1m returns: -14% weighted | -14% median | 0% win rate (0/1)
3m returns: -15% weighted | -15% median | 0% win rate (0/1)
6m returns: -25% weighted | -25% median | 0% win rate (0/1)
1y returns: -12% weighted | -12% median | 0% win rate (0/1)

Chairman and CEO at COVENANT LOGISTICS GROUP, INC. ($CVLG)

The Chairman and CEO sold 118,000 shares at $51.59/share ($6.09M total) which decreased their vested holdings by 4.4%. The current price is $51.53 (-0.1%). Their median sale size is $1.75M and this is their 2nd largest sale out of 14 all time. (SEC Source)

Historic Returns
1m returns: -4% weighted | -5% median | 33% win rate (4/12)
3m returns: -3% weighted | -3% median | 17% win rate (2/12)
6m returns: -11% weighted | -4% median | 33% win rate (4/12)
1y returns: -32% weighted | -31% median | 0% win rate (0/12)


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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