Streetbeat News

Insider Trading

AXNX

HOOD

PANW

UPST

Insiders at Axonics, Upstart Holdings, Palo Alto Networks, and Robinhood Markets have recently sold shares of their companies. Axonics is being acquired by Boston Scientific, while Upstart reported disappointing Q3 results. Citigroup raised the price target for Palo Alto Networks, and Keybanc increased the price target for Robinhood. Insider sales can be part of preplanned strategies or may reflect personal views on the company's valuation.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 12:46 pm

CDMO

KALV

SCWX

STAA

Insiders at STAAR Surgical, KalVista Pharmaceuticals, Avid Bioservices, and SecureWorks have recently made significant stock purchases. STAAR Surgical's 10% owner bought shares after the company issued positive sales guidance. KalVista's 10% owner and Chief Scientific Officer engaged in stock transactions following the publication of research data. Avid Bioservices' director made a purchase despite the company reporting disappointing financial results and lowering revenue guidance. SecureWorks' 10% owner increased his stake after the company reported strong sales.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 11:40 am

BABA

U.S. Rep. Laurel Lee and her husband sold $100,000 to $250,000 in Alibaba Group Holding (NYSE:BABA) shares, drawing scrutiny due to her critical stance on China and her position on a Homeland Security subcommittee. The trade was disclosed on Quiver Quant's Congress trading dashboard and has been highlighted by social media influencers. Lee has previously denied allegations of her family's ties to the Chinese Communist Party, stating the stocks are owned by her husband and not a marital asset.

Portfolio Pulse from Chris Katje

January 10, 2024 | 5:37 pm

NVTS

Navitas Semiconductor has announced the appointment of Janet Chou as the new CFO, Executive Vice President, and Treasurer. She will assume her role upon the filing of the company's 2023 annual report on Form 10-K, expected by the end of February. Chou will be taking over from Ron Shelton, who has decided to pursue other opportunities effective March 15, 2024. Shelton will continue to provide transition support to Chou and advice to CEO Gene Sheridan following the filing.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:44 pm

CANO

IBKR

TACT

TMUS

Insiders at Interactive Brokers Group, T-Mobile US, Cano Health, and TransAct Technologies have recently sold shares. Interactive Brokers' CIO sold shares after an analyst upgrade and price target raise. T-Mobile's 10% owner sold shares amidst a senior notes sale. Cano Health's 10% owner sold shares following a NYSE non-compliance notice. TransAct Technologies' 10% owner sold shares after approval to sell a product in the U.S. market. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:35 pm

CSBR

GAM

TLYS

Insiders have made notable purchases in shares of General American Investors (GAM), Tilly's (TLYS), and Champions Oncology (CSBR). General American Investors CEO Jeffrey W Priest bought 1,000 shares at $42.19 each. Tilly's 10% owner Pleasant Lake Partners LLC acquired 130,302 shares at $7.18 each, despite a recent 7.4% sales decline. Champions Oncology Director Daniel Mendelson purchased 1,000 shares at $6.15 each, following a reported loss for the second quarter. These insider trades suggest confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 11:53 am

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has seen its unrealized gains from Bitcoin investments swell to over $840 million in 2024, with $600 million gained in a single day due to Bitcoin's price rally. Despite a 15% drop in MicroStrategy's stock price this year, the company's Bitcoin treasury remains the largest corporate holding globally, valued at approximately $8.832 billion. CEO Michael Saylor sold shares worth $216 million as part of a pre-disclosed plan and continues to advocate for MSTR as a Bitcoin investment vehicle.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 8:12 am

HROW

Private Capital Management, LLC has disclosed a 10.34% ownership stake in Harrow, Inc. as of December 31, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:30 pm

ADMQ

OPK

XXII

Insiders at four companies have recently made notable purchases of their own stock, indicating potential confidence in their respective companies' prospects. Earth Science Tech Director Yovan A. Sanchez bought 50,000 shares, 22nd Century Group Director Andrew Arno acquired 100,000 shares, ADM Endeavors CEO Marc Johnson purchased 453,206 shares, and OPKO Health's 10% owner and Vice Chairman/CTO made significant purchases totaling 1,650,010 shares. These transactions can be a factor for investors considering penny stocks.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 2:03 pm

AXR

NBBK

VOXX

Insiders at AMREP Corporation, NB Bancorp, Inc., and VOXX International Corporation have made significant stock purchases, signaling potential confidence in their respective companies. AMREP's 10% owner bought shares despite a decline in quarterly sales. NB Bancorp's EVP acquired shares as the stock saw a slight gain over five days. VOXX International's Director made a substantial purchase following a settlement agreement with Seaguard.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 1:17 pm