Streetbeat News

Insider Trading

WSM

Williams-Sonoma, Inc. (WSM) CEO Laura Alber sold around $4 million worth of shares. Loop Capital downgraded WSM from Buy to Hold but raised the price target from $200 to $220, citing the stock's 18% YTD gain and the company's ability to maintain profitability. Factors supporting profitability include the elimination of sitewide promotions, a shift to e-commerce, and a growing B2B operation. WSM's valuation is above its 10-year average. Shares declined by 0.52% to $236.42.

Portfolio Pulse from Priya Nigam

March 05, 2024 | 3:59 pm

FPAY

FSP

PET

Insiders at Wag! Group Co. (PET), FlexShopper, Inc. (FPAY), and Franklin Street Properties Corp. (FSP) have recently made significant stock purchases. These transactions come after various financial updates from the companies, with Wag! Group posting a wider-than-expected quarterly loss, FlexShopper reporting better-than-expected Q3 financial results, and Franklin Street Properties announcing better-than-expected quarterly sales.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:51 pm

SNAP

SYNA

TOL

Notable insider sales were reported for Synaptics, Toll Brothers, Wayfair, and Snap, with executives selling shares at significant amounts. These sales come amidst various company developments, including executive resignations, new community openings, revenue reports, and repurchase transactions. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:26 pm

CTRN

CVNA

MWA

SEDG

Insiders have made notable purchases in Mueller Water Products, Citi Trends, Carvana, and SolarEdge Technologies, indicating confidence in these companies. Mueller Water Products and Carvana reported positive developments, while Citi Trends and SolarEdge Technologies faced challenges.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 12:53 pm

SEDG

SolarEdge Technologies Director Avery More purchased 7,000 shares at an average price of $67.75 per share, according to a Form 4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:54 pm

NVDA

PANW

UNH

Nancy Pelosi and other Congress members have been actively trading Palo Alto Networks Inc (PANW) stock and options, with trades placed around the time of PANW's Q2 financial results. Pelosi's trades were disclosed after PANW's earnings report, which showed revenue and EPS beating estimates but with weaker guidance. The CEO of PANW hinted at a potential major government contract. Other Congress members also reported profitable trades in different stocks, highlighting their trading acumen. Additionally, UnitedHealth Group (UNH) reported a cybersecurity attack, working with Palo Alto Networks for resolution. Analysts have lowered price targets on PANW following its earnings.

Portfolio Pulse from Chris Katje

March 04, 2024 | 4:19 pm

NAT

Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT), purchased 250,000 shares of NAT at $4.25 each, totaling $1,062,500. This acquisition increases his private ownership to 2,500,000 shares, reinforcing the Hansson family's position as the largest private shareholder group in NAT.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:56 pm

CTHR

POWW

PSIX

SSP

Insiders at Charles & Colvard, E.W. Scripps Company, AMMO, Inc., and Power Solutions International have recently made significant stock purchases. These transactions indicate insider confidence in these companies, despite mixed financial results and corporate developments reported by some. Charles & Colvard reported a quarterly loss, while AMMO posted upbeat third-quarter results. Power Solutions International announced a new General Counsel appointment, and E.W. Scripps reported mixed fourth-quarter financial results.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:43 pm

BLK

IRBT

JELD

WEN

Notable insider sales were reported for iRobot, JELD-WEN Holding, BlackRock, and Wendy's Company, with insiders selling shares for various reasons. iRobot's sale followed mixed Q4 results, JELD-WEN's after better-than-expected earnings, BlackRock's post reporting Q4 revenue growth, and Wendy's after reporting slight sales growth missing analyst estimates.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:05 pm

ADC

SPHR

WES

Insiders at Western Midstream Partners, Sphere Entertainment, and Agree Realty have made significant stock purchases, indicating confidence in their companies' prospects. These transactions suggest potential growth or undervaluation, making them noteworthy for investors.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 11:55 am