This article summarizes the most significant insider buys and sells from Tuesday, November 12, 2024, for US stocks.
Top Insider Buys:
• Coupang, Inc. (NYSE:CPNG): Greenoaks Capital Partners (WA:CPAP) LLC, led by Managing Director Neil Mehta, has substantially increased its stake in Coupang. The firm acquired over $54.6 million worth of Class A common shares between November 7 and November 12, 2024. The purchases were made at prices ranging from $24.0133 to $24.7718 per share, resulting in Greenoaks Capital Partners owning a total of 52,926,423 shares following the acquisitions. This significant investment demonstrates Greenoaks' continued confidence in the e-commerce giant's future prospects.
• Dakota Gold Corp. (NYSE:DC): Gerald Michael Aberle, Chief Operating Officer of Dakota Gold Corp., has bolstered his position in the company with a recent share purchase. On November 11, 2024, Aberle acquired 6,456 shares of common stock at $2.28 per share, totaling an investment of $14,719. Following this acquisition, Aberle now holds 4,352,519 shares in Dakota Gold. This purchase comes amid positive analyst sentiment, with BMO Capital Markets recently assigning an Outperform rating and a $6.00 price target to the company, highlighting the potential of its JB Gold Zone discovery in South Dakota.
• ModivCare Inc (NASDAQ:MODV): Q Global Capital Management, L.P., a major shareholder of ModivCare Inc, has significantly increased its stake in the company. On November 7, 2024, Q Global Capital acquired 58,191 shares in two separate transactions, with prices ranging from $16.54 to $17.57 per share. The total investment amounted to $997,053, reflecting Q Global Capital's ongoing interest in the transportation services provider.
• Tile Shop (NASDAQ:TTSH) Holdings, Inc. (NASDAQ:TTSH): Pleasant Lake Onshore Feeder Fund LP and associated entities have reported a series of stock purchases in Tile Shop Holdings. The fund acquired a total of 100,000 shares of common stock over three days (November 8, 11, and 12) at prices ranging from $6.9327 to $6.9997 per share. The total transaction value amounted to $698,210, with shares held indirectly for the benefit of Pleasant Lake Onshore Feeder Fund LP and another private investment vehicle.
• Quest Resource (NASDAQ:QRHC) Holding Corp (NASDAQ:QRHC): Hatch S. Ray, President and CEO of Quest Resource Holding Corp, has increased his stake in the company. On November 12, 2024, Ray purchased 2,817 shares at a weighted average price of $7.1668 per share, totaling $20,188. Following this acquisition, Ray now directly owns 44,149 shares of common stock, with his total ownership, including deferred stock units, reaching 85,367 shares. This purchase comes after the company's recent third-quarter earnings report, which showed a slight increase in revenue despite challenging market conditions.
Top Insider Sells:
• Trump Media & Technology Group Corp. (DJT): Juhan Phillip, CFO and Treasurer of Trump Media & Technology Group Corp., has executed significant stock sales. On November 8 and 11, Phillip sold a total of 384,000 shares at prices ranging from $30.65 to $32.97 per share, resulting in a total sale value of approximately $11.9 million. Following these transactions, Phillip retains ownership of 265,798 shares, some of which are tied to restricted stock units subject to vesting schedules.
• Aurora Innovation, Inc. (NASDAQ:AUR): Reid Hoffman, a director at Aurora Innovation, has sold a substantial portion of his holdings in the company. Over November 11 and 12, Hoffman sold 2,293,344 shares of Class A common stock at prices ranging from $5.3673 to $5.4854 per share, totaling approximately $13.7 million. Despite these sales, Hoffman maintains significant holdings through various entities, including 3,313,260 shares directly held by Greylock 15.
• Arcellx, Inc. (NASDAQ:ACLX): Kavita Patel, a director at Arcellx, Inc., has executed several stock transactions. On November 7 and 8, Patel sold a total of 59,241 shares of common stock, generating approximately $5.97 million. The sales were executed at prices ranging from $99.30 to $106.91 per share. Additionally, Patel exercised stock options to acquire 57,479 shares at prices between $6.66 and $15.00 per share, subsequently selling all acquired shares.
• Tutor Perini Corp (NYSE:NYSE:TPC): Ronald N. Tutor, Chairman and CEO of Tutor Perini Corp, has sold a significant portion of the company's stock. Over November 8 and 11, 2024, Tutor sold shares totaling approximately $5,378,986 at prices ranging from $30.13 to $31.85 per share. The sales were executed through various trusts, including the Tutor Marital Property Trust and the Ronald N. Tutor Separate Property Trust.
• Intuitive Surgical Inc . (NASDAQ:ISRG): Samath Jamie, CFO and Head of Business Technology at Intuitive Surgical Inc., has conducted a series of stock transactions. On November 8, 2024, Jamie sold 22,903 shares of common stock at prices ranging from $525 to $539.89 per share, generating approximately $12.17 million. Jamie also acquired shares through option exercises, totaling 30,007 shares at prices between $139.52 and $347.4167 per share.
Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can serve as one of many factors to consider when evaluating a stock's potential. It's important to remember that insiders may have various reasons for buying or selling shares, and these actions should be viewed in the context of broader market trends and company-specific news.
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