Streetbeat News

Insider Trading

FROG

JBHT

OSS

VEEV

Insiders at J.B. Hunt Transport, One Stop Systems, Veeva Systems, and JFrog have recently sold shares of their companies. While insider sales can be part of preplanned strategies, they can also suggest concerns about the company's prospects or that the stock may be overvalued. J.B. Hunt reported a 9% Y/Y decline in Q4 revenue but beat consensus estimates. One Stop Systems expanded its relationship with FLYHT for a 5G enabled solution. Veeva Systems received a price target increase from Keybanc, and JFrog had its price target raised by Needham.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:39 pm

INTZ

RCG

Intrusion Inc.'s CEO Anthony Scott purchased 1,500 shares at $0.22 each, while RENN Fund, Inc.'s CEO and President Murray Stahl bought 57 shares at $1.68 each. These insider transactions may signal confidence in the companies' prospects. Intrusion recently reported weak quarterly results, and RENN Fund's stock has fallen about 8% over the past six months.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 11:28 am

DKNG

DraftKings CEO Jason Robbins sold 200,000 shares at an average price of $37.82 per share, as reported in a Form 4 filing on Wednesday.

Portfolio Pulse from Charles Gross

January 25, 2024 | 9:47 am

RVP

SASI

Insiders at three companies, NextNav Inc. (NN), Sigma Additive Solutions (SASI), and Retractable Technologies (RVP), have recently made significant stock purchases. NextNav's 10% owner Joseph D Samberg acquired 300,000 shares for about $1.17 million. Sigma Additive Solutions' CEO William Kerby bought 4,000 shares for $14,000, following the company's acquisition of NextTrip Holdings. Retractable Technologies' President and CEO Thomas J Shaw purchased 5,546 shares for approximately $6,766. These insider transactions can signal confidence in the companies' prospects and may influence investor decisions regarding penny stocks.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 2:02 pm

RZLT

Rezolute, Inc. (NASDAQ:RZLT), a biopharmaceutical company, has appointed Daron Evans as Chief Financial Officer. Evans brings over 15 years of experience in the life science sector and will support Rezolute's late-stage development. In conjunction with his appointment, Evans received an inducement stock option grant of 275,000 shares at $1.02 per share, vesting over four years, with accelerated vesting if the company is acquired.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:15 pm

COST

FIVE

SIG

THO

Insiders at Costco, THOR Industries, Five Below, and Signet Jewelers have recently sold significant amounts of shares. Costco's Director sold 8,000 shares, THOR Industries' COO sold 6,666 shares, Five Below's Director sold 10,000 shares, and Signet Jewelers' CEO sold 10,000 shares. These sales come amidst various company-specific news such as Costco's new measures to curb unauthorized access, THOR Industries' sales decline, Five Below's Q4 guidance, and Signet Jewelers' Q3 sales decline.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 12:28 pm

NVDA

U.S. Rep. Nancy Pelosi made a substantial profit of nearly $500,000 from trading Nvidia Corp. (NASDAQ:NVDA) call options, doubling her annual government salary in just two months. Pelosi's investment success is attributed to Nvidia's stock performance, which increased over 21% since her acquisition. Nvidia's financial performance was strong in fiscal 2023, with significant revenue and net income, driven by its focus on AI and accelerated computing. The company's strategic collaborations, such as with Microsoft Azure, have solidified its position in the tech industry.

Portfolio Pulse from Jeannine Mancini

January 24, 2024 | 12:07 pm

AXR

FBK

Insiders at FB Financial Corporation and AMREP Corporation have made notable stock purchases. FB Financial's 10% owner James Ayers bought 2,000 shares at $38.20 each, while AMREP's 10% owner Rainey Lancaster acquired 1,800 shares at $21.82 each. These insider trades suggest confidence in the companies' prospects. However, FB Financial was recently downgraded by Hovde Group analyst Brett Rabatin, and AMREP reported a decline in quarterly sales.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 11:57 am

META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm

BABA

Alibaba co-founders Jack Ma and Joe Tsai have collectively purchased over $200 million in Alibaba shares, with Tsai's entity Blue Pool acquiring nearly 2 million depository shares and Ma buying $50 million worth of Hong Kong stock. This activity has led to a 6% pre-market increase in Alibaba's stock. The company has faced challenges, including a canceled spinoff of its cloud business and regulatory pressures, which have resulted in a 21% stock decline since the canceled spinoff. Alibaba's market cap is over $174 billion.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:42 pm