Daily Insider Ratings Round-Up 10/5/18

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Includes: APPN, BBDC, FOLD, FUND, KALA
by: InsiderInsights

Summary

Tables of the top insider purchases and sales filed with the SEC on 10/5/18, based on dollar value.

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

Proprietary Insider Company Ratings are relayed to clarify significance.

InsiderInsights' Daily Round-Up articles rate the "significance" of the top 10 dollar value insider purchases and sales filed at the SEC on the Title date. Dollar value is only the most basic metric to assess the significance of an insider transaction, however, and there are many more "Significant" insider trades with lower dollar values every day in our comprehensive Daily Insider Ratings Reports, which also reach clients before the market opens each morning. In contrast, these free Round-Up articles are delayed.

We employ over a million lines of code programming our decades of experience analyzing insider transactions to harvest, analyze, and profitably rate insider transactions in real time. When a new insider transaction occurs, our programs mathematically score the significance of the company's 3-month insider profile based on numerous criteria.

Stocks that achieve an InsiderInsights Company Rating of "Significant" and "Nearly Significant" have been independently validated to generate alpha as a group.

The intention of our Round-Up articles is to both separate real insider investment intelligence from time-wasting noise, and to educate investors that - though insider transactions are indeed an excellent source of investment intelligence - it takes much more analysis than screening by dollar values to make money from insider data.

Seasonal Note: Form 4 filing volumes are starting to wane, as companies close trading windows to their insiders until September-quarter financials are released.

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On Today's Tables:

Insider trades were rated Significant at:

  • Amicus Therap (FOLD), and,
  • Barings BDC (BBDC).

Insider trades were rated Nearly Significant at:

  • Kala Pharm (KALA),
  • Sprott Focus Trust (FUND), and,
  • Appian (APPN).

Insider trades were considered Insignificant at:

  • Epizyme (EPZM),
  • Alliance California Municipal Income Fund (AKP),
  • Landmark Infrastructure Partners (LMRK),
  • Square (SQ),
  • Planet Fitness (PLNT),
  • Northrop Grumman (NOC),
  • Loxo Oncology (LOXO),
  • CarGurus (CARG);
  • Alico (ALCO), and,
  • Apple (AAPL).

There is a Conflicted Insider Signal (both purchases & sales) at:

  • Lilly Eli (LLY),
  • Legacy Reserves (LGCY), and,
  • Innovative Industrial Properties (IIPR).

Don't agree with our Rating? Click the Company Name links in the tables below to analyze a company's or insider's full insider history yourself and reach your own conclusions!


Insider Purchases

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Ra Capital Mgt

DIR,BO

Kala Pharm

KALA

JB*

$19,999,996

2

Abdiel Capital Mgt

BO

Appian

APPN

B

$10,671,126

3

Mott David M

DIR

Epizyme

EPZM

B

$3,750,003

4

Gold Alan D

CB,DIR

Innovative Industrial Properties

IIPR

JB*

$2,700,000

5

Barings

FO,BO

Barings BDC

BBDC

AB,B

$2,420,217

6

George Whitney

DIR,BO

Sprott Focus Trust

FUND

B

$733,995

7

Perceptive Adv

BO

Amicus Therap

FOLD

B

$629,700

8

Bulldog Investors

BO

Alliance California Municipal Income Fund

AKP

B

$359,122

9

Baines Creek Capital

BO

Legacy Reserves

LGCY

B

$252,000

10

Carbone Matthew P

DIR

Landmark Infrastructure Partners

LMRK

B

$197,400

Insider Sales

#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Maestri Luca

VP,CFO

Apple

AAPL

AS

$22,912,178

2

Trafelet Remy W

CEO,DIR,BO

Alico

ALCO

JS*

$17,843,030

3

Ahrendts Angela J

VP

Apple

AAPL

AS

$14,821,664

4

Lilly Endowment

BO

Lilly Eli

LLY

S

$13,073,950

5

Dorsey Jack

CEO,CB,BO

Square

SQ

AS

$10,063,407

6

Parafestas Anastasios

DIR,BO

CarGurus

CARG

AS

$6,166,800

7

Steinert Langley

CEO,CB,BO

CarGurus

CARG

AS

$6,035,842

8

Rondeau Christopher

CEO,DIR

Planet Fitness

PLNT

AS

$4,064,852

9

Cheston Sheila C

VP,GC

Northrop Grumman

NOC

AS

$3,340,800

10

Bilenker Joshua H

CEO,DIR

Loxo Oncology

LOXO

AS

$2,819,500

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. 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.

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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.