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Top Insider Trades 10/30/13: EAT, FNB, WRE, CDNS

|Includes:CDNS, Brinker International, Inc. (EAT), FNB, WRE

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

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, October 30, 2013 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our 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 good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts 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 with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Mehra Anand DIR,BO Aerie Pharm AERI JB* $2,850,000
Rose John W DIR FNB FNB JB* $500,000
Byrnes William G DIR Wash RE Inv Tr WRE B $471,440
George Michael A DIR Brinker Intl EAT B $441,515
Tan Lip Bu CEO,DIR Cadence Design CDNS B $256,500
Goldstein Robert DIR FNB FNB JB* $250,000
Oronsky Arnold L DIR Dynavax Tech DVAX JB* $200,001
Nason Charles T DIR Wash RE Inv Tr WRE B $131,550
Miller Lloyd I Iii BO COSI COSI B $124,679
Phillips Peggy V DIR Dynavax Tech DVAX JB* $100,000
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Gates William DIR Microsoft MSFT AS $79,911,224
Healthcor Mgt BO Ehealth EHTH JS* $22,575,000
Ryder Robert P VP,CFO Constellation Br STZ S $5,271,159
Silver Star Dev BO Synnex SNX S $2,473,084
Wenger Howard PR Sunpower SPWR AS $1,767,294
Portera Joseph P VP Costco Wholesale COST S $1,762,521
Deboer Bruce R VP,SEC Whiting Petroleum WLL S $1,616,031
Jones G Bradford DIR Stamps Com STMP S $1,395,226
Bany Sarah DIR Columbia Sports COLM S $1,107,208
Williams Mark R VP Whiting Petroleum WLL S $984,668
Click to enlarge

Source: | Key to Insider Title and Trans Type Codes