InsiderEdge™ – Top Sales and Top Purchases – September 16, 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 Cognyte Software Ltd. ($CGNT)

The 10% Owner purchased 969,631 shares at $6.31/share ($6.11M total) which increased their vested holdings by 12.0%. The current price is $6.94 (+10.1%). Their median purchase size is $307K and this is their 1st largest purchase out of 20 all time. (SEC Source)

Historic Returns
1m returns: 12% weighted | 7% median | 53% win rate (9/17)
3m returns: 58% weighted | 49% median | 81% win rate (13/16)
6m returns: 84% weighted | 61% median | 100% win rate (12/12)
1y returns: 56% weighted | 106% median | 83% win rate (5/6)  

Note: 1 other insiders also purchased the stock

Director at PENN Entertainment, Inc. ($PENN)

The Director purchased 10,000 shares at $17.51/share ($175K total) which increased their vested holdings by 3.3%. The current price is $19.90 (+13.6%). Their median purchase size is $453K and this is their 8th largest purchase out of 9 all time. (SEC Source)

Historic Returns
1m returns
: 9% weighted | 8% median | 75% win rate (6/8)
3m returns: 15% weighted | 14% median | 88% win rate (7/8)
6m returns: 31% weighted | 30% median | 67% win rate (4/6)
1y returns: 55% weighted | 28% median | 83% win rate (5/6) 

Director at READING INTERNATIONAL INC ($RDI)

The Director purchased 7,500 shares at $1.74/share ($13,074.98 total) which increased their vested holdings by 6.1%. The current price is $1.80 (+3.3%). Their median purchase size is $13,900.00 and this is their 12th largest purchase out of 21 all time. (SEC Source)

Historic Returns
1m returns
: 4% weighted | -1% median | 47% win rate (8/17)
3m returns: 7% weighted | 10% median | 59% win rate (10/17)
6m returns: 15% weighted | 24% median | 71% win rate (12/17)
1y returns: 47% weighted | 44% median | 76% win rate (13/17)

Chairman and CEO at Aptiv PLC ($APTV)

The Chairman and CEO purchased 29,770 shares at $65.45/share ($1.95M total) which increased their vested holdings by 3.2%. The current price is $68.95 (+5.3%). Their median purchase size is $1.48M and this is their 2nd largest purchase out of 4 all time. (SEC Source)

Historic Returns
1m returns
: 9% weighted | 7% median | 100% win rate (3/3)
3m returns: 11% weighted | 14% median | 100% win rate (3/3)
6m returns: 12% weighted | 10% median | 100% win rate (3/3)
1y returns: 4% weighted | 21% median | 67% win rate (2/3) 

CEO & President at Xperi Inc. ($XPER)

The CEO & President purchased 5,000 shares at $8.65/share ($43,242.50 total) which increased their vested holdings by 1.0%. The current price is $8.83 (+2.1%). Their median purchase size is $43,242.50 and this is their 2nd largest purchase out of 3 all time. (SEC Source)

Historic Returns
1m returns
: 1% weighted | -2% median | 50% win rate (1/2)
3m returns: 20% weighted | 34% median | 100% win rate (2/2)
6m returns: 18% weighted | 39% median | 100% win rate (2/2)
1y returns: -8% weighted | 23% 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.

10% Owner at Rubicon Technologies, Inc. ($RBTC)

The 10% Owner sold 152,298 shares at $0.06/share ($8,759.83 total) which decreased their vested holdings by 1.7%. The current price is $0.06 (-2.6%). Their median sale size is $12,716.80 and this is their 15th largest sale out of 22 all time. (SEC Source)

Historic Returns
1m returns
: -12% weighted | -30% median | 19% win rate (3/16)
3m returns: -62% weighted | -69% median | 0% win rate (0/7)
6m returns: -91% weighted | -91% median | 0% win rate (0/1)
1y returns: N/A 

Chief Executive Officer at SYNCHRONOSS TECHNOLOGIES INC ($SNCR)

The Chief Executive Officer sold 12,000 shares at $13.50/share ($162K total) which decreased their vested holdings by 4.0%. The current price is $14.00 (+3.7%). Their median sale size is $10,153.70 and this is their 1st largest sale out of 12 all time. (SEC Source)

Historic Returns
1m returns
: -2% weighted | -10% median | 36% win rate (4/11)
3m returns: -13% weighted | -14% median | 27% win rate (3/11)
6m returns: -17% weighted | -22% median | 18% win rate (2/11)
1y returns: -36% weighted | -40% median | 9% win rate (1/11)

10% Owner at MeridianLink, Inc. ($MLNK)

The 10% Owner sold 4,674 shares at $24.00/share ($112K total) which decreased their vested holdings by 0.0%. The current price is $23.86 (-0.6%). Their median sale size is $29.07M and this is their 5th largest sale out of 5 all time. (SEC Source)

Historic Returns
1m returns
: -3% weighted | -3% median | 33% win rate (1/3)
3m returns: -11% weighted | -11% median | 0% win rate (0/3)
6m returns: -13% weighted | -26% median | 33% win rate (1/3)
1y returns: -32% weighted | -32% median | 0% win rate (0/2)

10% Owner at Mission Produce, Inc. ($AVO)

The 10% Owner sold 51,615 shares at $13.28/share ($685K total) which decreased their vested holdings by 0.6%. The current price is $13.18 (-0.8%). Their median sale size is $1.25M and this is their 14th largest sale out of 21 all time. (SEC Source)

Historic Returns
1m returns
: 0% weighted | -4% median | 33% win rate (6/18)
3m returns: -9% weighted | -15% median | 11% win rate (2/18)
6m returns: -19% weighted | -15% median | 0% win rate (0/9)
1y returns: -30% weighted | -31% median | 0% win rate (0/8)  

Note: 3 other insiders also sold the stock


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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