Streetbeat News

Insider Trading

ASAN

FRD

RILY

Insiders at B. Riley Financial, Friedman Industries, and Asana have recently made notable purchases of their companies' stocks. B. Riley Financial's Chairman and Co-CEO acquired shares worth around $4 million, while a director at Friedman Industries bought shares worth around $81,600. Asana's President, CEO, and Chair bought shares worth around $3.55 million.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 11:21 am

ABOS

BHLB

CULP

Insider trades were noted in Acumen Pharmaceuticals, Culp, and Berkshire Hills Bancorp. Acumen Pharmaceuticals Director Rajeev Shah acquired 5,161,290 shares at an average price of $7.75, costing around $40 million. This follows the company's upsizing of its previously announced offering to $130 million from $100 million. Culp Director Lee Jonathan Kelly acquired 3,130 shares at an average price of $5.48, costing around $17,156, after the company posted a narrower-than-expected Q4 loss. Berkshire Hills Bancorp President and CEO Nitin Mhatre bought 1,500 shares at an average price of $22.29, costing around $33,435, following the company's downbeat quarterly results.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:50 pm

CNS

JBHT

NDAQ

TRGP

Insiders at Nasdaq, J.B. Hunt Transport, Targa Resources, and Cohen & Steers have recently sold shares. Nasdaq's EVP sold 5,100 shares following a Q2 revenue increase. J.B. Hunt Transport's EVP and COO sold 3,716 shares after reporting downbeat Q2 results. Targa Resources' Senior VP and CAO sold 2,184 shares after Morgan Stanley maintained an Overweight rating but lowered the price target. Cohen & Steers' Chief Accounting Officer sold 1,950 shares following a decline in Q2 EPS.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:03 pm

BCOV

BRTX

TGAN

Insiders at BioRestorative Therapies, Inc. (BRTX), Brightcove Inc. (BCOV), and Transphorm, Inc. (TGAN) have recently made significant purchases of their companies' stocks. BRTX has been granted a license by the New York State Department of Health to operate as a Tissue Bank. BCOV has entered into a strategic agreement with PubMatic (PUBM). TGAN has announced the commencement of a $15 million rights offering.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:25 am

Tennessee Representative Mark Green reported a sale of Energy Transfer (NYSE:ET) stock on July 24, 2023, with the transaction value ranging between $100,001 and $250,000. The stock is currently trading down 0.11% at $13.27. Congressional transactions are required to be disclosed and can be a factor for investors to consider, although they should not be the primary basis for investment decisions.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:05 pm

COSM

ETST

RCG

Insiders at Earth Science Tech, Inc. (OTC:ETST), Cosmos Health Inc. (NASDAQ:COSM), and RENN Fund, Inc. (NYSE:RCG) have recently made notable purchases of their companies' shares. This could indicate their confidence in the companies' prospects. Earth Science Tech recently appointed a new CFO, Cosmos Health priced a $5.25 million registered direct offering and concurrent private placement, and RENN Fund has a 52-week high of $2.39.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:41 pm

FBK

SFBC

VRCA

Insider trading has been observed in three US-listed companies: Verrica Pharmaceuticals Inc. (NASDAQ:VRCA), FB Financial Corporation (NYSE:FBK), and Sound Financial Bancorp, Inc. (NASDAQ:SFBC). Verrica Pharmaceuticals' Director Paul Manning acquired 200,000 shares, costing around $1 million, following the company's announcement of a non-binding term sheet for up to $125 million debt financing. FB Financial's 10% owner James Ayers acquired 12,000 shares after the company reported better-than-expected Q2 EPS results. Sound Financial Bancorp's 10% owner Stilwell Partners L P bought 2,500 shares, following the company's statement that a vendor incident is not expected to have a material adverse effect on its business.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 11:48 am

ASAN

CULP

SAFT

Insider trades were noted in Asana, Inc. (ASAN), Safety Insurance Group, Inc. (SAFT), and Culp, Inc. (CULP). ASAN's CEO acquired 240,000 shares at an average price of $22.90, costing around $5.5 million. SAFT's 10% owner Plymouth Rock Co Inc acquired 32,384 shares at an average price of $67.24, costing around $2.18 million. CULP's Director bought 4,500 shares at an average price of $5.50, costing around $24,750.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 1:02 pm

BAC

GILD

UNH

Insiders at Bank of America, Gilead Sciences, Bank of New York Mellon, and UnitedHealth Group have recently sold significant amounts of shares. This could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced. However, insider sales should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 12:08 pm

ANIX

EFSH

VIRC

Insiders at Virco Mfg. Corporation (VIRC), Anixa Biosciences, Inc. (ANIX), and 1847 Holdings LLC (EFSH) have recently made notable purchases of their companies' stocks. Virco's director bought 1,770 shares after the company posted a narrower-than-expected Q1 loss. Anixa's President, COO, and CFO acquired 5,500 shares following the issuance of a Canadian Patent for its CAR-T cancer therapy technology. A 10% owner of 1847 Holdings bought 72,327 shares as the company anticipates a 54% YoY increase in Q2 revenue.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 11:43 am