Streetbeat News

Insider Trading

SAVA

Richard Barry, a director at Cassava Sciences, has purchased 18,477 shares at an average price of $16.67 per share, according to a Form 4 filing on Wednesday.

Portfolio Pulse from Charles Gross

August 24, 2023 | 9:33 am

WEN

Nelson Peltz has reported a decrease in his stake in Wendy's (WEN) from 17.39% as of June 1 to 16.12% as of August 22.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:26 pm

MULN

Mullen Automotive is currently assembling data on alleged unlawful trading practices in the company's stock. The company is expected to make an announcement in the coming days.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 6:39 pm

ASAN

Asana Inc's (ASAN) strong performance is being driven by insider buys and product superiority, according to JMP Securities analyst Joe Goodwin. Goodwin reiterated a Market Outperform rating and a $30 price target for ASAN. The company's CEO, Dustin Moskovitz, recently purchased 690K shares, which led to a ~7% increase in the stock price. Asana's product superiority in work management is supported by its growth rate in the $5K+ category of 32% in 1Q. The company is expected to be FCF positive by the end of 2024.

Portfolio Pulse from Anusuya Lahiri

August 23, 2023 | 6:25 pm

NVDA

Former Speaker of the House Nancy Pelosi and her husband sold 25,000 shares of Nvidia Corporation (NASDAQ:NVDA) in July 2022 at an average price of $165.05, resulting in a loss of $341,365. The sale was made prior to the CHIPS Act vote, which could have directly benefited Nvidia. As of 2023, Nvidia shares have gained 219% year-to-date, hitting new all-time highs. If the Pelosis had retained their position, the shares would be worth $11,617,000 today, meaning they missed out on potential profits of $7,490,750.

Portfolio Pulse from Chris Katje

August 23, 2023 | 4:11 pm

PETV

PetVivo Holdings Director, Martin James Rudolph, has purchased 22,224 shares of the company's stock at a price of $2.29 per share.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 3:03 pm

BVS

ENTX

MTTR

SWIM

Insiders at Matterport, Latham Group, Bioventus, and Entera Bio have recently acquired shares in their respective companies. Matterport's director bought 100,000 shares following the company's joining of the LOT Network. Latham Group's CEO purchased 8,000 shares after the company reported better-than-expected Q2 revenue. Bioventus' interim CEO acquired 39,885 shares after the company posted better-than-expected quarterly results. Entera Bio's director bought 40,000 shares amid the company's reported net loss of $4.5 million for H1 2023.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 1:23 pm

ZAPP

Management at Zapp EV has purchased 24,800 shares of the company's stock. This could indicate a strong belief in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 12:07 pm

ANTX

MRCY

RILY

Insider trades were noted in Mercury Systems, Inc. (MRCY), AN2 Therapeutics, Inc. (ANTX), and B. Riley Financial, Inc. (RILY). MRCY's 10% owner Jana Partners LLC acquired 50,000 shares at an average price of $38.05, costing around $1.9 million. ANTX's 10% owner Rajeev Shah acquired 1,777,778 shares at an average price of $9.00, costing around $16 million. RILY's Chairman and Co-CEO Bryant R Riley bought 25,000 shares at an average price of $47.31, costing around $1.18 million.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 11:58 am

AEY

GOVX

IVFH

SCOR

Insiders at comScore, GeoVax Labs, ADDvantage Technologies, and Innovative Food Holdings have recently acquired shares in their respective companies. comScore reported a narrower-than-expected Q2 loss, while GeoVax Labs posted a wider-than-expected quarterly loss. ADDvantage Technologies reported a YoY decrease in Q2 financial results, and Innovative Food Holdings' Q2 revenue fell 8.2% YoY.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:08 pm