Kingsley Park Capital

Enormous Insider Buy Signals Loudly For Audience

We've been following Audience (NASDAQ:ADNC) for some time now as a compelling long, but yesterday's insider buy sends such a strong signal that we felt compelled to post this now.

Yesterday, May 7th, ADNC's CFO Kevin Palatnik bought 25,000 shares, worth $350,000. This is after a previous 50,000 share purchase on March 7th. In total, he has purchased more than $1 million worth of stock in the last two months. This is eye-opening for a CFO with a $300k salary. In all of our time following the market, we have never before seen an insider make a personal bet of this magnitude.

In light of the earnings disappointment following Mr. Palatnik's substantial purchase in March, it is unlikely...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details