InsiderEdge™️ Highlights: November 2024’s Top Insider Trades
In November, InsiderEdge™️ continued to uncover critical insider trading activity, offering investors valuable insights. Here are some of the most noteworthy trades from the month:
Palladyne AI Corp. ($PDYN)
- Trade Report: On November 5, InsiderEdge™️ reported a Director’s purchase of 215,053 shares at $2.20/share, totaling $473K. This acquisition increased their vested holdings by 22.2%.
- Stock Price Activity: Since the InsiderEdge signal, the stock price surged to $4.68, delivering a remarkable +140% return.
- Implications of the Trade: This was the insider’s 2nd largest purchase out of 25 all-time trades, with a median purchase size of $74,596.50. Historical performance reveals that similar trades have delivered a 1% weighted and 3% median return over one month with a 67% win rate. Over six months, weighted returns were -6%, but median returns were 35%, with a 77% win rate. One-year returns were significantly stronger, with weighted returns of 40% and median returns of 74%, maintaining a perfect 100% win rate.
ThredUp Inc. ($TDUP)
- Trade Report: On November 19, InsiderEdge™️ highlighted a Director’s purchase of 69,324 shares at $0.95/share, amounting to $65,946.19. This boosted their vested holdings by 34.0%.
- Stock Price Activity: Following the InsiderEdge signal, the stock rose to $1.74, achieving a +72.28% return.
- Implications of the Trade: This was the insider’s 2nd largest purchase out of 4 all-time trades, with a median purchase size of $52,313.80. Historically, trades of this nature have yielded a weighted return of 23% and a median return of 16% over one month, with a 50% win rate. Over three and six months, historical returns were higher, with weighted and median returns exceeding 20% and 62%, respectively, both achieving a perfect 100% win rate. However, one-year returns were negative, with a weighted return of -13% and no wins recorded.
Sleep Number Corp. ($SNBR)
- Trade Report: On November 19, InsiderEdge™️ reported a 10% Owner’s purchase of 43,140 shares at $12.90/share, totaling $556K. This increased their vested holdings by 1.7%.
- Stock Price Activity: Since the InsiderEdge signal, the stock price climbed to $18.57, delivering a +52.46% return.
- Implications of the Trade: This was their 5th largest purchase out of 12 all-time trades, with a median purchase size of $519K. Past trades of this nature have resulted in weighted returns of 4% and a median of 5% over one month, with an 88% win rate. Three-month returns showed mixed results, with weighted returns at -3% but a median return of 11% and a 50% win rate. Longer-term returns over six months and one year were notably stronger, with weighted returns reaching 14% and 31%, while median returns stood at 11% and 48%, respectively, with win rates exceeding 75%.
Deciphering the Signals
November’s insider trades emphasized the confidence of corporate insiders, with substantial purchases preceding significant stock price gains. The data underscores the value of monitoring insider activity to identify potential growth opportunities.
As always, consider broader market conditions, company fundamentals, and industry trends when making investment decisions. InsiderEdge™️ remains a crucial tool for staying informed on insider trading signals.
Disclaimer: The content provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Always consult a financial advisor before making investment decisions.
