Streetbeat News

Insider Trading

ASAN

FPI

PAGP

Insiders at Plains GP Holdings (PAGP), Farmland Partners (FPI), and Asana (ASAN) have recently made significant stock purchases. Plains GP Holdings' CEO acquired 62,000 shares, despite a recent downgrade by Barclays. Farmland Partners' Executive Chairman bought 100,000 shares following worse-than-expected Q2 revenue results. Asana's CEO purchased 664,219 shares after the company posted a narrower-than-expected quarterly loss.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 11:16 am

DLTR

FSR

META

TSLA

Barron's has highlighted several key stories for investors, including Dollar Tree director Daniel J. Heinrich's purchase of 1,650 shares amid a significant stock price decline. Meta Platform's value fluctuated with the introduction of new AI software initiatives. EV startup Fisker plans to raise $170 million via convertible notes due in 2025. Philip Morris shares rose following the announcement of robust growth targets, particularly in smoke-free products. Tesla's third-quarter delivery estimates vary widely, causing market uncertainty.

Portfolio Pulse from Justin Chan

October 01, 2023 | 1:10 am

BCOV

NXGL

RFIL

SPWH

Insiders at Brightcove Inc. (BCOV), NEXGEL, Inc. (NXGL), Sportsman's Warehouse Holdings, Inc. (SPWH), and RF Industries, Ltd. (RFIL) have recently acquired shares in their respective companies. Brightcove and NexGel posted better-than-expected quarterly results and a narrower loss respectively, while Sportsman's Warehouse and RF Industries reported worse-than-expected earnings.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 1:08 pm

IMKTA

NET

PINS

SMTC

Insider sales were reported for Pinterest, Cloudflare, Semtech, and Ingles Markets. Pinterest's Chief People Officer sold shares worth around $388,485, while the company announced a stock repurchase program. Cloudflare's Director sold shares worth around $1.82 million, as the company announced collaborations with Meta Platforms, Microsoft, and NVIDIA. Semtech's SVP sold shares worth around $464,789 following better-than-expected Q2 results but weak Q3 guidance. Ingles Markets' Director sold shares worth around $151,000 after the company reported Q4 FY22 sales growth.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 12:02 pm

HHC

MCFT

SWX

Insider trades were noted in Howard Hughes Holdings Inc (HHC), MasterCraft Boat Holdings, Inc. (MCFT), and Southwest Gas Holdings, Inc. (SWX). HHC Director William Ackman acquired 98,826 shares at an average price of $73.84, costing around $7.3 million. MCFT's 10% owner Adam Gray acquired 279,437 shares at an average price of $21.68, costing around $6.06 million. SWX's 10% owner Icahn Partners Master Fund LP bought 5,936 shares at an average price of $61.98, costing around $367,941.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 10:53 am

MSFT

Anthony Viggiano, a former Goldman Sachs financial analyst, has been charged by the SEC with conducting insider trading using Microsoft's Xbox audio chat service. Viggiano allegedly generated over $400,000 in illicit gains through this scheme, trading insider secrets about upcoming deals. He worked for Goldman Sachs and Blackstone Inc.

Portfolio Pulse from Rounak Jain

September 29, 2023 | 8:54 am

ASAN

Asana's President, CEO, and Chair, Dustin Moskovitz, has acquired a total of 1,015,000 shares at an average price of $17.19. This has led to an increase in Asana's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:01 pm

IEP

XRX

Xerox Holdings Corporation (NASDAQ:XRX) has announced a $542 million repurchase of all its common stock owned by Carl C. Icahn and his affiliates at a price of $15.84 per share. The transaction, funded by a new debt facility, is expected to close by September 29, 2023. Following the transaction, Icahn Parties will no longer hold any Xerox common shares. Concurrently, Jesse Lynn, Steven Miller, and James Nelson will resign from Xerox's board of directors. Scott Letier has been appointed as the new chairman.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:01 pm

ASPU

FBIO

GOVX

RCAT

Insiders at four penny stocks, Aspen Group, Inc. (OTC:ASPU), Fortress Biotech, Inc. (NASDAQ:FBIO), Red Cat Holdings, Inc. (NASDAQ:RCAT), and GeoVax Labs, Inc. (NASDAQ:GOVX), have recently made notable purchases. Aspen Group recently closed a $12.4 million private placement. Fortress Biotech posted a narrower loss for Q2. Red Cat Holdings posted an in-line loss for Q1. GeoVax Labs and ProBioGen signed a landmark commercial license agreement for ProBioGen's AGE1.CR.pIX® suspension cell line.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:29 pm

HPQ

LZB

RBLX

WSM

Insiders at Williams-Sonoma, HP, Roblox, and La-Z-Boy have recently sold significant amounts of shares. Williams-Sonoma's CEO sold 100,000 shares, HP's 10% owner sold over 4.6 million shares, Roblox's Director sold 8,333 shares, and La-Z-Boy's Director sold 4,582 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:04 pm