Seeking Alpha
Long/short equity, research analyst, insider ownership, behavioral finance
Profile| Send Message|
( followers)  

Summary

  • Tables of the top insider purchases and sales filed with the SEC on Wednesday, July 23, 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:

Insider trades were rated Significant at :

  • General Electric (NYSE:GE), and;
  • Opko Health (NYSE:OPK).

Insider trades were rated Nearly Significant at:

  • Biolase (NASDAQ:BIOL);
  • Blue Capital Re (NYSE:BCRH), and;
  • YELP (NYSE:YELP).

Insider trades were considered Insignificant at:

  • Washington Federal (NASDAQ:WAFD);
  • Progenics Pharm (NASDAQ:PGNX);
  • Vonage (NYSE:VG);
  • Solazyme (NASDAQ:SZYM);
  • Rex American (NYSE:REX);
  • Servicenow (NYSE:NOW);
  • Facebook (NASDAQ:FB), and;
  • Salesforce Com (NYSE:CRM).

There is a Conflicted Insider Signal at:

  • Gl Sp Metals (NASDAQ:GSM).

Insider transactions at Terraform Power (NASDAQ:TERP) and Caredx (NASDAQ:CDNA) were associated with recent IPOs, and it's difficult to garner investment intelligence from transactions by insiders in unseasoned shares.

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

Insider Purchases

#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value
1Tesoriere Steven VDIRTerraform PowerTERPJB*$45,000,000
2Broadfin HealthcareBOProgenics PharmPGNXB$7,476,168
3Domenech CarlosDIRTerraform PowerTERPJB*$1,000,000
4Clark Paul NDIRBiolaseBIOLJB*$999,999
5Byers Brook HDIR,BOCaredxCDNAB,JB*$532,960
6Kleiner Perkins C&BBOCaredxCDNAJB*$527,700
7Montpelier ReBOBlue Capital ReBCRHB$517,724
8Tabbutt MarkDIRWashington FederalWAFDB$434,783
9Beattie William GDIRGeneral ElectricGEB$260,098
10Frost Phillip MdCEO,CB,BOOpko HealthOPKB$259,885

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 NameInsider TitlesCompany NameTickerTrans
Type
Dollar Value
1Sandberg SherylCOO,DIRFacebookFBAS$19,596,152
2Luddy Frederic BDIRServicenowNOWAS$8,869,918
3Rose Stuart ACEO,DIR,BORex AmericanREXS$3,264,670
4Cox Christopher KOFacebookFBAS$2,927,146
5Benioff MarcCB,CEOSalesforce ComCRMAS$2,136,944
6Kestenbaum AlanCB,DIR,BOGl Sp MetalsGSMS$2,011,439
7Wolfson JonathanCEO,DIRSolazymeSZYMAS$1,485,153
8Citron Jeffrey ADIR,BOVonageVGAS$1,402,043
9Schroepfer MichaelCTOFacebookFBAS$1,376,800
10Krolik Robert JCFOYELPYELPAS$1,193,690

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.

I should also relay that you could have seen the trades on today's Daily Round Up tables within hours of being filed, by signing up for our Free Intra-Day Top Trades Alerts.

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.

Source: InsiderInsights.com Daily Round Up: 7/23/14