This article summarizes the most significant insider buys and sells from Thursday, September 12, 2024, for US stocks.
Top Insider Buys:
• Appian Corp (NASDAQ:APPN) experienced insider buying from Abdiel Capital Advisors, LP and its affiliated entities. The investment firm increased its position in the company through purchases totaling over $1.35 million. The transactions occurred between September 10 and September 12, with share prices ranging from $30.85 to $31.57.
• Cognyte Software Ltd. (NASDAQ:CGNT) saw Topline Capital Partners, LP, a ten percent owner, make a significant purchase of approximately $6.1 million worth of shares. The firm bought 553,591 shares at $6.31 each on September 11, and an additional 416,040 shares at $6.30 each on September 12, totaling 969,631 shares.
Top Insider Sells:
• Live Nation Entertainment, Inc. (NYSE:NYSE:LYV) President and CEO Michael Rapino sold 98,849 shares, totaling approximately $9.6 million. The sales were executed at prices ranging from $97.03 to $98.00, with a weighted average sale price of $97.50. Prior to the sale, Rapino exercised employee stock options for 150,000 shares at $25.33 per share.
• Nvidia Corp (NASDAQ:NVDA) President and CEO Jen-Hsun Huang sold shares worth over $26 million on September 10th and 11th. The sales were executed under a pre-arranged Rule 10b5-1 trading plan, with share prices ranging from $104.99 to $117.072.
• Procept BioRobotics Corp (NASDAQ:PRCT) director Antal Rohit Desai sold stock valued at over $9.3 million between September 10 and September 12. The sales were carried out under a pre-arranged Rule 10b5-1 trading plan, with share prices ranging from $75.7813 to $80.6477.
• Tetra Tech Inc. (NASDAQ:TTEK) Executive Vice President and Chief Sustainability Officer Leslie L. Shoemaker sold 78,420 shares on September 10, 2024, amounting to over $3.6 million. The shares were sold at a weighted average price of $46.111, with prices ranging from $45.88 to $46.41.
• ACV Auctions Inc. (NASDAQ:ACVA) Chief Operating Officer Vikas Mehta sold 154,324 shares of Class A Common Stock on September 10, 2024, totaling over $2.9 million. The sale was executed under a prearranged 10b5-1 trading plan, with share prices ranging from $18.95 to $19.40.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider trades alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analyses and market research. It's important to consider the reasons behind these trades, which may include personal financial planning, diversification, or changes in company outlook.
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