Streetbeat News

Insider Trading

GILD

HUBS

VMW

VRTX

Insiders at HubSpot, VMware, Vertex Pharmaceuticals, and Gilead Sciences have recently sold significant amounts of shares. HubSpot's Executive Chair sold 8,500 shares, VMware's EVP sold 5,779 shares, Vertex Pharmaceuticals' Executive Chairman sold 12,962 shares, and Gilead Sciences' CFO sold 5,000 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 11:42 am

ACHR

ASAN

WLY

Insider trades were noted in Archer Aviation Inc. (ACHR), Asana, Inc. (ASAN), and John Wiley & Sons, Inc. (WLY). ACHR's 10% owner SFS UK 1 LTD. acquired 12,313,234 shares at an average price of $5.68, costing around $70 million. ASAN's President, CEO and Chair Dustin Moskovitz acquired 280,000 shares at an average price of $18.67, costing around $5.23 million. WLY's Director David Dobson bought 5,081 shares at an average price of $29.99, costing around $152,357.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 10:55 am

COCO

Ragnarok Research has released a report on The Vita Coco Company (COCO), an American beverage company, highlighting potential issues with its supply chain and ethical practices. The report suggests that Vita Coco's main supplier, Ducoco, is facing serious litigations in Brazil for land grabbing and notary fraud. Additionally, the report raises concerns about potential child labor in Vita Coco's supply chain in the Philippines. The report also mentions that insiders are planning to sell 26 million shares of Vita Coco, which is about half of the company's outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 2:15 pm

BLND

BRN

BUKS

TGEN

Insiders have recently bought shares in four penny stocks: Butler National Corporation (OTC:BUKS), Blend Labs, Inc. (NYSE:BLND), Tecogen Inc. (OTC:TGEN), and Barnwell Industries, Inc. (NYSE:BRN). Butler National disclosed the acquisition of KC Machine, Blend announced an integration with MeridianLink, Tecogen signed a $1.5 million Credit Agreement, and Barnwell Industries reported a net loss of $717,000.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 12:34 pm

GIII

SNOW

SNX

Insiders at four companies, G-III Apparel Group (GIII), Electronic Arts (EA), TD SYNNEX (SNX), and Snowflake (SNOW), have recently sold shares. G-III Apparel Group reported a 9% YoY sales growth in Q2 FY24, beating analyst consensus. Electronic Arts was recently upgraded from Neutral to Buy by B of A Securities. TD SYNNEX announced a secondary public offering of 6.75 million shares and a concurrent share repurchase of $280 million. B of A Securities initiated coverage on Snowflake with a Neutral rating.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 11:59 am

CERE

RMAX

Insiders at Cerevel Therapeutics Holdings, Inc. (CERE), Lamb Weston Holdings, Inc. (LW), and RE/MAX Holdings, Inc. (RMAX) have recently made notable purchases of their companies' stocks. CERE Director Joseph Edelman acquired shares worth around $20 million, LW Director William Jurgensen bought shares costing approximately $253,050, and RMAX 10% owner Magnolia Group LLC purchased shares for around $563,091.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 11:03 am

SMMT

Summit Therapeutics' COO Manmeet Soni has purchased approximately 17 million shares at an average price of $0.29, according to a Form4 filing. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:01 pm

FTRE

Fortrea's shares are trading higher after a 13F filing revealed that Starboard Value has acquired an 8.7% stake in the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 12:51 pm

INKT

NTWK

SPGC

VANI

Insiders at four penny stocks, NetSol Technologies, Inc. (NTWK), Vivani Medical, Inc. (VANI), MiNK Therapeutics, Inc. (INKT), and Sacks Parente Golf, Inc. (SPGC), have recently made notable purchases. This could indicate their confidence in the companies' prospects. NetSol reported a YoY decrease in Q4 EPS results and issued FY24 revenue guidance. Vivani posted a wider-than-expected Q2 loss. MiNK posted a narrower-than-expected Q2 loss. Sacks Parente posted a narrower Q2 loss.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 12:13 pm

ACN

HAL

HOOD

PINS

Insiders at Halliburton (HAL), Pinterest (PINS), Accenture (ACN), and Robinhood Markets (HOOD) have recently sold shares. The reasons for these sales are not clear, but they could be preplanned or due to concerns about the companies' prospects or overpricing. Halliburton and Core Laboratories have announced a strategic alliance, Pinterest has disclosed an international sales partnership with Entravision Communications, Accenture has invested in Aliro Quantum through Accenture Ventures, and Robinhood has been given a Hold rating by Needham analyst John Todaro.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 11:49 am