InsiderEdge™️ Highlights: July 2024’s Top Insider Trades
Throughout July, InsiderEdge™️ by BBAE, our premier analytics tool for corporate insider trading, diligently analyzed the month’s SEC reporting data to bring you the highlights of corporate insider trading activity. As always, these are published daily within the BBAE app. With its AI-driven capabilities, InsiderEdge™️ deciphers complex signals from the corporate insider trading world, translating SEC filings into a curated list of top investing signals. These insights offer a window into the confidence levels of those who know their companies best—corporate insiders.
July has proven to be another significant month for InsiderEdge. Let’s dive into the highlights.
Alpha Teknova Inc. ($TKNO)
Trade Spotlight: On July 12th, a 10% Owner purchased 12,096,800 shares at $1.24/share, investing a total of $15.00M. This acquisition increased their vested holdings by 47.2%.
Stock Price Activity: The stock price surged to $3.94, marking an impressive 217.74% increase from the purchase price.
Implications of the Trade: The insider boasts a 100% win rate across 1-month, 3-month, and 6-month periods, with returns of 14%, 84%, and 49% respectively. This was their largest purchase to date, which, along with two other insider buys, indicates strong collective confidence. Outstanding trade!
Barnes & Noble Education Inc. ($BNED)
Trade Spotlight: On July 10th, a 10% Owner acquired 87,000 shares at $6.97/share, investing $607K. This buy increased their vested holdings by 0.8%.
Stock Price Activity: The stock appreciated to $10.70, a 53.52% increase from the purchase price.
Implications of the Trade: Despite mixed short-term results, the insider has shown consistent performance over time, with a 63% win rate over 3-month and 6-month periods. This was their 8th largest purchase, and with another insider buying shares as well, it signals growing confidence. Solid performance!
Innovative Food Holdings Inc. ($IVFH)
Trade Spotlight: On July 17th, a Director purchased 1,108,350 shares at $1.20/share, investing $1.33M. This acquisition increased their vested holdings by 31.8%.
Stock Price Activity: The stock climbed to $1.50, representing a 25.00% increase from the purchase price.
Implications of the Trade: The insider has a strong track record, with a 50% win rate across 1-month, 3-month, and 6-month periods, and an impressive 95% return over the past year. This was their largest purchase to date, and the confidence is further bolstered by another insider buy. Promising trade!
Issuer Direct Corp ($ISDR)
Trade Spotlight: On June 27th, a 10% Owner acquired 27,213 shares at $7.82/share, investing $213K. This purchase increased their vested holdings by 4.1%.
Stock Price Activity: The stock price rose to $9.25, a solid 18.29% increase from the purchase price.
Implications of the Trade: The insider shows strong long-term performance, with a 100% win rate over 6 months and a 93% win rate over 3 months. This was their 13th largest purchase, and with another insider buy, it signals confidence in the company’s future. Strong outlook!
Deciphering The Signals
Looking at insider trades can give investors potential insights into a company’s future. An insider buying stock suggests they believe the stock will rise, indicating potential growth or undervaluation. Conversely, insiders selling shares could signal various things: they might need to liquidate assets for personal reasons, or it could hint at perceived overvaluation or upcoming challenges for the company.
However, it’s crucial to understand that insider trading is just one piece of the puzzle. While insider trades can provide valuable context, they are not infallible predictors of stock performance. Investors should always look at the bigger picture, including market conditions, company performance, industry health, and economic indicators, before making investment decisions.
InsiderEdge™️ serves as a valuable tool for investors who wish to incorporate insider trading data into their analysis. By spotlighting significant insider trades, it enables investors to potentially align their strategies with those who have the deepest insights into their companies — the corporate insiders.
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.
