Insiders Buying C.H. Robinson Worldwide And 3 Other Stocks
Portfolio Pulse from Lisa Levin
Insiders have made notable purchases in four companies: Impinj, CARGO Therapeutics, C.H. Robinson Worldwide, and Darling Ingredients. These purchases suggest insider confidence in the companies' prospects. Impinj and C.H. Robinson reported better-than-expected third-quarter results, while Darling Ingredients reported downbeat sales. CARGO Therapeutics recently had a share offering with an insider lock-up period ending in May 2024.
November 17, 2023 | 11:31 am
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NEUTRAL IMPACT
Darling Ingredients COO North America Matthew Jansen bought 11,113 shares at $44.80, spending around $497,862, despite the company's downbeat sales for Q3.
The COO's purchase might be seen as a vote of confidence despite the recent downbeat sales report, but the impact on the stock price is uncertain and could be neutral in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
C.H. Robinson Worldwide CEO David P Bozeman purchased 1,807 shares at $82.91, costing around $149,818, after the company reported better-than-expected Q3 earnings.
The CEO's purchase of shares, combined with the company's strong earnings report, may lead to a positive perception among investors and a potential uptick in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CARGO Therapeutics 10% owner Srinivas Akkaraju acquired 4,047,989 shares at $15.00 each, costing around $10 million, with an insider lock-up period ending on May 08, 2024.
The significant investment by a 10% owner in CARGO Therapeutics suggests a strong belief in the company's future, potentially leading to a positive short term impact on the stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Impinj Director Patrick Daniel Gibson purchased 48,311 shares at $79.44, totaling around $3.84 million, following better-than-expected Q3 revenue results.
The insider purchase at Impinj, especially after positive revenue results, could indicate a bullish sentiment in the short term as it reflects insider confidence in the company's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80