At Boardroom Alpha we spend a lot of time looking at insider buying and selling activity as a way to monitor what actions company insiders are taking and what that might say about the future prospects of a given company.
Have a look in more detail at the below data using our Insider Trading Tacker.
Large-cap companies with most aggregate insider sells this week (Tracker link here)
There was less selling than last week, with 10 companies having more than $20mm in net sales. Here are the highlights:
- Co-Founder and CEO Mark Zuckerberg was responsible for the bulk of the selling at Facebook (FB), offloading $51.2mm worth of shares. The other sellers responsible for $0.61mm worth of shares were General Counsel Jennifer Newstead and CFO David Wehner. Last week Zuckerberg sold $48.5mm worth of shares.
- CEO Mary Barra sold $23.1mm of General Motors Company (GM) shares, while EVP and CIO Randall Mott sold $1.1mm worth of shares.
- Palantir Technologies (PLTR) had 7 insiders sell over $87.4mm worth of shares. Following the company’s direct listing this fall, elevated selling levels were expected.
In addition to the bigger sales at large-cap companies, there were smaller but still significant net sales totaling $10-20mm at 14 large-cap companies.
- Director Robyn Denholm sold $17.8mm worth of Tesla (TSLA) shares while CFO Zachary Kirkhorn sold $0.6mm worth of shares. We covered Tesla leadership pledging practices this past summer.
- Amazon VPs, division leaders, and the CFO all sold shares with transactions ranging from $.9mm to $4.2mm for a total of $16.1mm.
- Vice Chairman Carlos Alban was the lone seller at AbbVie (ABBV), offloading $11.6mm worth of shares.
Mid-cap companies with most aggregate insider sells this week (Tracker link here)
There continued to be a lot of selling at mid-cap businesses this past week, with 13 companies having $10mm or more in sales:
- BigCommerce Holdings (BIGC) director Lawrence Bohn, director Steven Murray, and CEO Brent Bellm constituted the bulk of selling, with sales of shares worth $64.6mm, $60mm, and $10.6mm respectively. A collection of executives filled out the remainder of the total $162.5mm in sales.
- Director Ricky Sandler functioned essentially as the lone seller at Ashland Global Holdings, selling $123.6mm worth of shares. CFO J. Kevin Willis and SVP Peter Ganz sold $.1mm worth of shares collectively.
- Director Hadley Mullin was the lone seller at Revolve Group (RVLV), offloading $96.1mm worth of shares.
For small-caps… (Tracker link here)
There were 5 companies with more than $3mm in sales:
- Vital Farms (VITL) was the standout. Directors Glenda Chamberlain and Karl Khoury sold $38.9mm and $7.2mm worth of shares respectively.
Insider buying was essentially non-existent at large-cap companies this week, with no net buying greater than $1mm
Mid-cap companies with most aggregate insider buys this week (Tracker link here)
- At MultiPlan Corporation (MPLN), director Michael Klein bought $9.9mm worth of shares while President of New Markets Paul Galant bought $0.2mm worth of shares.
For small-caps… (Tracker link here)
- At Organogenesis Holdings (ORGO) directors Alan Ades and Glenn Nussdorf were the big buyers purchasing $5.5mm and $2.7mm worth of shares respectively. Directors Wayne Mackie and Arthur Leibowitz bought $.1mm worth of shares collectively.
- At Keros Therapeutics (KROS) directors Ran Nussbaum and Tomer Kariv each bought $3mm worth of shares.
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