InsiderInsights.com Daily Round Up: 7/10/14

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Includes: CO, LIOX, MDSO, NMBL, PANW, PHH, REGN, RKUS, TPH, WNR, YELP
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on Thursday, July 10, 2014, based on dollar value.

Dollar values often do not equate with significance when it comes to insider trades.

Proprietary Insider Company Ratings are further given for selected companies.

I cannot repeat enough that dollar value is only one metric to assess the significance of an insider transaction. InsiderInsights calculates Insider Filer Statistics in real time, and formulates Insider Company Ratings based on numerous behavioral factors, so our clients can separate real investment intelligence from time-wasting noise.

On Today's Tables:

It's quite obvious by the lower dollar values of the insider transactions on today's tables that we are in a seasonally slow filing period for insider transactions. Yesterday, there were only 349 Forms filed by insiders at the SEC, which is less than a third of the average volume of filings made in May and June.

This predictable lull in filings is the result of companies closing trading windows to their insiders from the end of their June quarters, until quarterly earnings are released. Form 4 filing volumes have been waning since the beginning of July, but historically pick up sharply again in the first week of August. The concept of closing trading windows to insiders is not mandated by any SEC regulation. Rather, the restriction is placed on executives by their own legal departments to keep them from being accused of making trades based on the material, non-public information that quarterly earnings are deemed to be.

While significant insider signals certainly can be generated during this seasonally slow period for insider filings, yesterday's crop was light on meaningful investment intelligence. During these dry spells for new insider signals, investors can still benefit by reviewing the trading behavior of stocks with recently significant insider activity to see if there are opportunistic trades to be had as their firms' earnings events approach.

Insider trades were rated Nearly Significant at:

  • Regeneron Pharmaceuticals (NASDAQ:REGN);
  • China Cord Blood (NYSE:CO);
  • Ruckus Wireless (NYSE:RKUS);
  • Yelp (NYSE:YELP), and;
  • Nimble Storage (NYSE:NMBL).

Insider trades were considered Insignificant at:

  • TRI Pointe Homes (NYSE:TPH);
  • PHH Corporation (NYSE:PHH);
  • Lionbridge Technologies (NASDAQ:LIOX);
  • Palo Alto Networks (NYSE:PANW);
  • Western Refining (NYSE:WNR), and;
  • Medidata Solutions (NASDAQ:MDSO).

For more on how to profit from our Daily Round Up tables and analyze insider data, see references below.

Insider Purchases

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1 Sanofi BO Regeneron Pharma REGN AB $107,798,056
2 Carlson Capital BO Tri Pointe Homes TPH B $17,820,364
3 Citadel Gp BO PHH PHH B $12,254,111
4 Hg Vora Capital Mgt BO Town Sports Intl. CLUB B $455,994
5 McCarthy Kent C BO China Cord Blood CO B $236,650
6 McAdoo Zachary CB,PR,DIR Radioio RDIO JB* $175,000
7 Tarica Andrew DIR TCW Str. Inc. Fund TSI B $110,800
8 Ince William A DIR Integral Technologies ITKG JB* $103,563
9 Belsky Ira DIR AEP Industries AEPI B $71,640
10 Gilinski Saul DIR Ladenburg Thalmann LTS B $37,700
Click to enlarge

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes:
B=Open-market Buy; AB=10b5-1 (automatic) Buy; JB*=Buy indicated as being open-market, but not confirmed by trading price range and volume for the session.

Insider Sales

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1 Glenhill Advisors BO Lionbridge Tech LIOX S $6,535,543
2 Citadel Gp BO PHH PHH S $2,442,447
3 Zuk Nir CTO,DIR Palo Alto Networks PANW AS $2,274,395
4 Kish William S A CTO,DIR Ruckus Wireless RKUS AS $1,639,920
5 Stoppelman Jeremy CEO,DIR,BO Yelp YELP AS $975,771
6 Maheshwari Umesh CTO Nimble Storage NMBL AS $856,519
7 Dalke Gary R CFO Western Refining WNR AS $811,636
8 De Vries Glen M PR,DIR Medidata MDSO AS $802,600
9 Cozadd Bruce C CB,CEO Jazz Pharma JAZZ AS $775,000
10 Larocque Peter PR Synnex SNX S $679,854
Click to enlarge

InsiderInsights.com | Key to Insider Title and Trans Type Codes :
S =Open-market Sale; AS=10b5-1 (automatic) Sale; JS*=Sale indicated as being open-market, but not confirmed by trading price range and volume for the session.

Did you miss our Previous Daily Round Up?

An important note from Jonathan Moreland, founder of InsiderInsights.com:

In a victory for common sense, it's been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders".

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations.

At InsiderInsights.com, our clients find new investment ideas every day using more intricate insider screens to determine where they should focus their subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be profitable indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these daily articles as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email us with any questions on our proprietary insider data, filer statistics, and company ratings.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.