Streetbeat News

Insider Trading

RDDT

Three Reddit Inc (NYSE:RDDT) executives sold shares during its IPO, missing out on $19M in additional gains as shares soared post-IPO. The sales were part of the IPO process, with shares initially priced at $34. Despite the sales, shares of Reddit fell 14.60% to $49.32 on Thursday. The timing of these sales and the subsequent drop in share price may impact investor perception and the stock's future performance.

Portfolio Pulse from Chris Katje

March 28, 2024 | 8:40 pm

AERT

Bhisham Khare has reported a 9.83% ownership stake in Aeries Technology, indicating a significant investment in the company. This move could signal confidence in Aeries Technology's future prospects or strategic interests by Khare.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:17 pm

ANET

CSCO

JACK

Andreas Bechtolsheim, founder of Arista Networks Inc (ANET), settled insider trading charges related to Acacia's takeover by Cisco Systems Inc (CSCO) for nearly $1 million. The SEC also charged minor league baseball players with insider trading in Del Taco's takeover by Jack in the Box Inc (JACK). Additionally, the CFTC filed a civil action against KuCoin for operating an illegal exchange.

Portfolio Pulse from Neil Dennis

March 28, 2024 | 5:45 pm

SNOW

Snowflake Inc. (NYSE:SNOW) has made its Data Clean Rooms generally available across multiple cloud regions, following the acquisition of Samooha. This expansion allows businesses of any size to securely share and collaborate on sensitive data. Additionally, Snowflake's new CEO, Sridhar Ramaswamy, has invested $5 million in the company by purchasing 31,542 shares, amid competition buzz with Databricks Inc. SNOW shares rose 1.48% to $162.42.

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 5:23 pm

GOOG

GOOGL

SNOW

Snowflake Inc (NYSE:SNOW) shares rose following insider buying by new CEO Sridhar Ramaswamy, who purchased 31,542 shares at an average price of $158.52. Ramaswamy's investment totals $5 million. This move comes after former CEO Frank Slootman retired last month. Ramaswamy, with a significant background at Alphabet Inc's Google, is expected to bring valuable experience to Snowflake.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:28 pm

LEGH

MIRM

SNOW

Insider purchases at Snowflake, Legacy Housing, Mistras Group, and Mirum Pharmaceuticals signal confidence in these companies. Snowflake's CEO bought shares worth $5M, despite a recent downgrade. Legacy Housing and Mistras Group saw insider buys after reporting disappointing financial results. Mirum Pharmaceuticals' CFO purchased shares following FDA approval of its drug, Livmarli.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:33 pm

ANET

KLAC

SCVL

Insiders at Arista Networks, Shoe Carnival, KLA Corporation, and Agilent Technologies have recently sold shares. These sales could indicate various sentiments about the companies' future prospects or stock valuations. Notable analysts have maintained positive outlooks on these companies despite the insider sales.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:21 pm

CIA

DERM

RVP

Insiders at Retractable Technologies, Citizens, and Journey Medical have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite Retractable Technologies reporting a loss for the first nine months of 2023. Citizens recently appointed a new President, and Journey Medical reported a profit for the fourth quarter.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 11:14 am

SNOW

Snowflake's stock price increased following a Form 4 filing revealing CEO Sridhar Ramaswamy's purchase of 31,542 shares at an average price of $158.52 each.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:59 am

SNOW

Snowflake's stock price increased following a Form 4 filing that revealed CEO Sridhar Ramaswamy purchased 31,542 shares at an average price of $158.52 each.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:57 pm