Datadog And Redfin: Two Technology Companies With Recent Insider Buying

Nov. 17, 2022 11:12 PM ETDatadog, Inc. (DDOG)Z, RDFN11 Comments

Summary

  • After years of selling, we are finally starting to see insider buying in some technology companies.
  • These purchases are opportunistic and not based on a structured 10b5-1 plan where the insider consistently buys at regular intervals.
  • The insiders of Datadog were joined by two notable professional investors who significantly increased their position in the company last quarter.
  • I do much more than just articles at Inside Arbitrage: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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Over the last few years, insiders as a group have been huge sellers of technology stocks. The need to diversify their holdings combined with stock prices that had been bid up to levels unhinged from reality

Insiders Sell For Various Reasons But Only Buy For One Reason, They Expect The Stock To Go Up.

This is especially true for insiders of recent spinoffs. We do the hard work for you by combing through hundreds of insider purchases each year to find the best opportunities. Insiders sometimes buy to "signal" the market and make mistakes because of their myopic focus on their company/industry. We cut through the noise and use insider buying as an idea discovery tool.

Beyond insider buying, Inside Arbitrage also provides ideas and tools related to buybacks, spinoffs, SPACs and merger arbitrage. Click here to learn more.

This article was written by

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Comprehensive tools and detailed analysis for event-driven investors

I am an entrepreneur and investor with a focus on event driven strategies including merger arbitrage, spinoffs, (legal) insider trading, buybacks and SPACs. I was one of the earliest contributors on Seeking Alpha and started publishing here in 2005. For more than a decade I have been writing every week about M&A and interesting insider transactions. My work has been mentioned in Barron's, Dow Jones, BNN Bloomberg and other publications.  

I have been an active investor for more than two decades and my background in technology has helped me built tools that inform my investing process, especially as it relates to event-driven strategies that require updated data and processes. The focus on my Inside Arbitrage service is to provide investors with the right combination of tools and analysis to help them take advantage of strategies that can perform well across market cycles.  

Disclosure: I/we have a beneficial long position in the shares of Z either through stock ownership, options, or other derivatives. 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.

Additional disclosure: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

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