Top Insider Trades: 4/25/12

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Includes: GOOG, GWRE, MSFT, USAP
by: InsiderInsights

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 Name Insider Titles Company Name Ticker Trans
Type
Dollar Value Shares Traded Trans Date
To
Ave Trans
Price
Direct
Holdings
Indirect
Holdings
1 Smail James R DIR National Bancshares NBOH JB* $1,262,550 84,170 4/24/12 $15.00 207,665 ---
2 Pennant Capital Mgt BO Universal Stainless USAP B $1,102,689 25,052 4/25/12 $45.50 --- 825,899
3 Webster Steven A DIR Basic Energy Services BAS B $706,995 52,370 4/23/12 $13.50 536,070 ---
4 Simmons Harold C CB,DIR,BO Valhi VHI B $119,443 2,231 4/25/12 $53.60 445,564 ---
5 P A W Capital BO Crumbs Bake Shop CRMB B $108,950 30,000 4/4/12 $3.60 --- 550,000
6 Frost Phillip MD et al CEO,CB,BO Opko Health OPK B $97,051 20,000 4/24/12 $4.87 --- 111,135,856
7 Adams Nicholas C FO First Opportunity Fund FOFI B $90,138 12,467 4/24/12 $7.31 99,552 ---
8 Brooks Douglas H DIR Southwest Airlines LUV B $39,500 5,000 4/24/12 $7.90 12,333 ---
9 Seward George L DIR Synergy Resources SYRG B $36,987 11,631 4/24/12 $3.18 1,153,848 ---
10 Mochizuki Robert Michele DIR United Security Bancshares UBFO B $23,460 10,000 4/24/12 $2.35 102,544 ---

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value Shares Traded Trans Date
To
Ave Trans
Price
Direct
Holdings
Indirect
Holdings
1 Presidio Management VIII BO Guidewire Software GWRE S,JS* $182,154,984 6,447,964 4/24/12 $28.25 --- 43,843
2 Gates William H III DIR Microsoft MSFT AS $64,275,400 2,000,000 4/23/12 $32.14 498,981,728 ---
3 Schmidt Eric E CB,DIR Google GOOG AS $17,164,850 28,193 4/25/12 $607.72 --- 0
4 Gleason George G II CB,CEO,BO Bank Of The Ozarks OZRK S $4,886,488 156,400 4/25/12 $31.50 1,715,437 ---
5 Gamson Michael VP,SO Linkedin LNKD AS $2,002,459 20,000 4/23/12 $102.93 359 ---
6 Marxe A & Greenhouse D BO Ultra Clean UCTT S $1,691,858 232,817 4/23/12 $7.27 --- 2,640,275
7 Stryker Ronda E DIR Stryker SYK AS $1,431,138 27,000 4/25/12 $53.58 --- 14,128,682
8 Hall Neil F VP Pnc Financial PNC S $1,296,267 20,000 4/23/12 $64.83 27,336 ---
9 Murphy W Robert VP,SO Hubbell HUBB JS* $1,256,160 16,000 4/24/12 $78.51 28,310 ---
10 Brown David CB,CEO,PR Web Com WWWW AS $733,574 56,493 4/25/12 $12.96 1,056,471 ---

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

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