Streetbeat News

Insider Trading

ABNB

SNOW

SSTK

Insiders at Snowflake, Morgan Stanley, Shutterstock, and Airbnb have recently sold significant amounts of shares. Snowflake's SVP sold shares at $210 each, Morgan Stanley's Executive Chairman sold at $87.93 per share, Shutterstock's Executive Chairman sold at $50.34 per share, and Airbnb's CEO sold at $141.60 per share. Insider sales can indicate various sentiments about the stock's value and company prospects, but they are not the sole indicator for investment decisions. Analysts have recently reiterated Snowflake and Airbnb with positive ratings, while Morgan Stanley reported a decline in Q4 net profit, and Shutterstock raised its FY23 guidance after strong Q3 results.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 12:58 pm

EWTX

TTSH

WOLF

Insiders at Tile Shop Holdings, Edgewise Therapeutics, and Wolfspeed have made notable stock purchases. Pleasant Lake Partners LLC bought 14,600 shares of Tile Shop at $6.73 each, while Edgewise's Peter A Thompson acquired 454,545 shares at $11.00 each following a $240 million offering. Wolfspeed's Thomas H Werner purchased 683 shares at $32.05 each amid an extended wafer supply agreement with Infineon.

Portfolio Pulse from Avi Kapoor

January 26, 2024 | 11:34 am

BRK.A

BRK.B

LSXMA

LSXMK

Warren Buffet's company has purchased 1,441,686 shares of Liberty Media at an average price of $30.98 per share, as reported in a Form 4 filing on Thursday.

Portfolio Pulse from Charles Gross

January 26, 2024 | 10:28 am

VUG

Rep. Blake Moore from Utah reported purchasing Vanguard Growth ETF (VUG) stock valued between $102,003 and $280,000 on January 24, 2024. The shares of VUG were trading up 0.31% at $323.67 at the time of the report. Congressional transactions are considered significant as they can indicate expectations about stock performance, but they are not the sole factor for investment decisions. The STOCK Act prevents Congress members from using non-public information for personal gain.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

AUID

CMP

NWBI

Insider purchases were reported for Northwest Bancshares, Compass Minerals International, and authID. Northwest Bancshares EVP Scott J Watson bought 5,000 shares at $12.90 each. Compass Minerals Director Joseph Reece acquired 5,000 shares at $21.24 each, and authID 10% owner Stephen Jeffrey Garchik purchased 3,311 shares at $8.89 each. These transactions may indicate confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:54 pm

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