Streetbeat News

Insider Trading

ADBE

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Notable insider sales were reported for Applied Materials, Adobe, Amazon, and Coinbase Global. Applied Materials' CTO sold shares worth $3.77 million, while Adobe's CEO and CFO sold shares totaling over $19 million. Amazon's CEO of AWS sold shares worth $153,515, and a Coinbase Global director sold shares worth $190,883. These sales could indicate various motivations, including personal financial management or views on the company's valuation. Additionally, Adobe and Figma terminated their $20 billion merger agreement, and JMP Securities raised its price target for Coinbase.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 12:54 pm

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The article reports on notable insider purchases of shares in three companies, suggesting confidence in their future prospects. Elicio Therapeutics, Inc. (ELTX) saw a 10% owner acquire over 1.2 million shares. Kimbell Royalty Partners, LP (KRP) had a director purchase 30,000 shares. HighPeak Energy, Inc. (HPK) CEO bought 150,442 shares. Insider buying can be a positive signal for investors, but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:56 am

ADBE

Adobe's CFO Daniel Durn sold 3,000 shares of company stock at an average price of $596.94 per share, according to a recent Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:52 pm

ADBE

Adobe CEO Narayen Shantanu sold 32,000 shares of Adobe stock at an average price of $598.28 per share, according to a recent Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:51 pm

Maria Margaroni has reported an 8% stake in OceanPal Inc. as of December 13, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:27 pm

LMDX

A recent 13D/A filing with the SEC reveals that Willard L. Umphrey now holds a 10.31% stake in LumiraDx Ltd as of December 22. This filing indicates a significant ownership position in the company.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:00 pm

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Insiders at Wheeler Real Estate Investment Trust, Sarcos Technology and Robotics, and Sharps Technology have recently made significant stock purchases. Stilwell Associates, a 10% owner of Wheeler Real Estate Investment Trust, bought 519,238 shares at $0.28 each. Brian D Finn, a director at Sarcos Technology and Robotics, acquired 120,000 shares at $0.60 each. Timothy J. Ruemler, a director at Sharps Technology, purchased 10,000 shares at $0.40 each. These transactions may signal insider confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 1:29 pm

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Insiders at Block, Broadcom, Intuit, and Autodesk have recently sold shares of their companies. Block's CFO and COO sold shares at an average price of $77.81, while Broadcom's President and CEO sold shares at $1,122.46 average price. Intuit's Director sold shares at $622.92 average price, and Autodesk's Director sold at $244.00. These sales occurred amidst various company updates, including Block's transaction growth, Broadcom's mixed results with positive guidance, Intuit's better-than-expected earnings, and Autodesk's upbeat quarterly results.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 12:25 pm

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Insider purchases at InnSuites Hospitality Trust, Astria Therapeutics, and Steel Connect indicate confidence in these companies. InnSuites Hospitality Trust CEO James F Wirth bought 2,000 shares for $5.62 million, Astria Therapeutics Director Joseph Edelman acquired 740,000 shares for $4.59 million, and Steel Connect's 10% owner WF Asset Corp. purchased 9,437 shares for $90,628. InnSuites reported increased sales, Astria posted a narrower loss, and Steel Connect saw a decline in sales.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 11:49 am

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Commodore Capital LP has filed a 13G form with the SEC, revealing a 7.7% passive stake in C4 Therapeutics as of December 14.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:28 pm