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Which stocks are getting attention from insiders?

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, April 25, 2012 as ranked by dollar value.

Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets!

Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and further analysis of a stock's full insider history may not indicate a significant insider signal. On today's Top Sales table, for instance, I think we can all agree that the insider selling by Bill Gates at Microsoft (NASDAQ:MSFT) and Eric Schmidt at Google (NASDAQ:GOOG) isn't providing any "tell" as to how those stocks will likely trade in the near term.

But at InsiderInsights, we find significant insider signals just about every day using screens like these to determine where we should focus are subsequent fundamental and technical analysis. And while stocks don't (and shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

On today's tables, we view the continued insider selling at Guidewire Software (NYSE:GWRE) as a negative. The massive sales lately are part of a secondary offering at this newly public company which seems arranged primarily to allow insiders to sell much or all of their holdings. Why the hurry to cash out?

On today's Insider Purchase table, the continued buying into price strength at Universal Stanless (NASDAQ:USAP) by Pennant Capital Management is adding some bullish significance to USAP's insider profile.

So use these regular posts as the initial research tools they are meant to be, and come to InsiderInsights.com to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Analyst Note: We are currently in a slower filing period for Form 4s since many firms have the trading windows closed to their insiders until March quarter earnings are released. So the dollar values of the Top 10 transactions are smaller than usual. If past is prolog, the volume of insider filings will pick up again in earnest during the first week of May.

Insider Purchases
#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar ValueShares TradedTrans Date
To
Ave Trans
Price
Direct
Holdings
Indirect
Holdings
1Smail James RDIRNational BancsharesNBOHJB*$1,262,55084,1704/24/12$15.00207,665---
2Pennant Capital MgtBOUniversal StainlessUSAPB$1,102,68925,0524/25/12$45.50---825,899
3Webster Steven ADIRBasic Energy ServicesBASB$706,99552,3704/23/12$13.50536,070---
4Simmons Harold CCB,DIR,BOValhiVHIB$119,4432,2314/25/12$53.60445,564---
5P A W CapitalBOCrumbs Bake ShopCRMBB$108,95030,0004/4/12$3.60---550,000
6Frost Phillip MD et alCEO,CB,BOOpko HealthOPKB$97,05120,0004/24/12$4.87---111,135,856
7Adams Nicholas CFOFirst Opportunity FundFOFIB$90,13812,4674/24/12$7.3199,552---
8Brooks Douglas HDIRSouthwest AirlinesLUVB$39,5005,0004/24/12$7.9012,333---
9Seward George LDIRSynergy ResourcesSYRGB$36,98711,6314/24/12$3.181,153,848---
10Mochizuki Robert MicheleDIRUnited Security BancsharesUBFOB$23,46010,0004/24/12$2.35102,544---

Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes

Insider Sales
#:Filer NameInsider TitlesCompany NameTickerTrans
Type
Dollar ValueShares TradedTrans Date
To
Ave Trans
Price
Direct
Holdings
Indirect
Holdings
1Presidio Management VIIIBOGuidewire SoftwareGWRES,JS*$182,154,9846,447,9644/24/12$28.25---43,843
2Gates William H IIIDIRMicrosoftMSFTAS$64,275,4002,000,0004/23/12$32.14498,981,728---
3Schmidt Eric ECB,DIRGoogleGOOGAS$17,164,85028,1934/25/12$607.72---0
4Gleason George G IICB,CEO,BOBank Of The OzarksOZRKS$4,886,488156,4004/25/12$31.501,715,437---
5Gamson MichaelVP,SOLinkedinLNKDAS$2,002,45920,0004/23/12$102.93359---
6Marxe A & Greenhouse DBOUltra CleanUCTTS$1,691,858232,8174/23/12$7.27---2,640,275
7Stryker Ronda EDIRStrykerSYKAS$1,431,13827,0004/25/12$53.58---14,128,682
8Hall Neil FVPPnc FinancialPNCS$1,296,26720,0004/23/12$64.8327,336---
9Murphy W RobertVP,SOHubbellHUBBJS*$1,256,16016,0004/24/12$78.5128,310---
10Brown DavidCB,CEO,PRWeb ComWWWWAS$733,57456,4934/25/12$12.961,056,471---

Source: InsiderInsights.com | Key to Insider Title and Transaction Type Codes

Source: Top Insider Trades: 4/25/12