InsiderEdge™️ Highlights: September 2024’s Top Insider Trades
Throughout September, InsiderEdge™️ by BBAE continued to provide valuable insights into corporate insider trading activity. Let’s examine some of the month’s most significant reported trades:
Amylyx Pharmaceuticals, Inc. ($AMLX)
- Trade Report: On September 6th, InsiderEdge reported a Director’s purchase of 100,000 shares at $2.20/share, totaling $220K. This acquisition increased their vested holdings by 13.2%.
- Stock Price Activity: Following the report, the stock price rose to $3.46, marking a 57.27% increase.
- Implications of the Trade: This was the insider’s 2nd largest reported purchase out of 5 all-time trades, with a median purchase size of $178K. The insider shows strong short-term performance with a 75% win rate over 1 month and 6 months, though long-term performance is mixed.
COHERENT CORP. ($COHR)
- Trade Report: On September 11th, InsiderEdge reported that the CEO & President acquired 500 shares at $70.55/share, investing $35,275. This buy increased their vested holdings by 0.3%.
- Stock Price Activity: After the signal, the stock appreciated to $99.03, a 39.75% gain.
- Implications of the Trade: The insider demonstrates exceptional performance across all time frames, with a 100% win rate for 1-month, 3-month, 6-month, and 1-year periods. This was their 4th largest reported purchase out of 4 all-time trades, signaling strong confidence.
CANTALOUPE, INC. ($CTLP)
- Trade Report: On September 18th, InsiderEdge reported the Chief Executive Officer’s purchase of 8,000 shares at $6.30/share, investing $50,400. This acquisition increased their vested holdings by 6.2%.
- Stock Price Activity: Following the report, the stock climbed to $8.87, representing a 39.69% gain.
- Implications of the Trade: The insider shows strong performance, particularly in the short and long term, with an 80% win rate over 1 month and a 100% win rate over 1 year. This was their 4th largest reported purchase out of 6 all-time trades.
V2X, Inc. ($VVX)
- Trade Report: On September 10th, InsiderEdge reported a Director’s acquisition of 3,125 shares at $48.00/share, investing $150K. This purchase increased their vested holdings by 8.1%.
- Stock Price Activity: After the report, the stock rose to $59.44, a solid 22.38% increase.
- Implications of the Trade: The insider demonstrates exceptional long-term performance with a 100% win rate over 1 year. This was their largest reported purchase out of 10 all-time trades, indicating strong confidence in the company’s future.
Deciphering The Signals
These reported insider trades provide valuable insights into potential company growth and stock performance. The significant purchases by high-ranking insiders, such as CEOs and Directors, coupled with the subsequent stock price increases, suggest strong confidence in their respective companies.
InsiderEdge™️ continues to be a powerful tool for investors, offering timely reports on the actions of those with the most intimate knowledge of their companies. However, it’s important to remember that insider trading is just one factor to consider when making investment decisions. Investors should always consider the broader market context, company financials, and industry trends before acting on this information.
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 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.
