This article summarizes the most significant insider buys and sells reported on Monday for US stocks.
Top Insider Buys:
PSQ Holdings, Inc. (NASDAQ:PSQH) saw a substantial insider purchase as director Kelly Lynn Loeffler acquired 1,203,704 shares of Class A common stock on October 24. The transaction, valued at approximately $3.25 million, was executed at $2.70 per share through Descante Capital, LLC. Loeffler now holds the same number of shares indirectly, with a disclaimer of beneficial ownership except for her pecuniary interest. This purchase comes as PSQ Holdings secured a $5.35 million equity investment and a $10 million convertible note private placement to fund its payment platform growth. The company has also reduced its workforce by over 35% and plans to shift its marketplace to the Rumble Cloud platform.
Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI) reported a significant insider buy from Gregory M. Shepard, a member of the 10% owner group. Shepard purchased 23,300 shares at $19.55 per share on October 24, for a total investment of $455,515. This acquisition brings Shepard's total holdings in the company to 7,540,306 shares.
First Busey Corp (NASDAQ:BUSE) saw its Principal Accounting Officer, Phillips Scott A., increase his stake in the company. Phillips acquired 321 shares at an average price of $20.22 per share on September 30, totaling approximately $6,497. The purchase was made through the company's Employee Stock Purchase Plan. Additionally, Phillips received 56 shares as dividend equivalent rights on October 25, bringing his total holdings to 6,363 shares.
CoStar Group , Inc. (NASDAQ:CSGP) President and CEO Andrew Florance made a substantial purchase of 14,731 shares at an average price of $74.67 per share on October 25. The transaction, valued at approximately $1.1 million, increased Florance's direct ownership to 1,263,098 shares. This insider buy comes as CoStar Group reported strong financial performance, with an 11% year-over-year revenue increase in Q3 2024 and a significant rise in net income.
Septerna, Inc. (NASDAQ:SEPN) saw a major investment from Third Rock Ventures, a prominent life sciences venture capital firm. Various entities associated with Third Rock Ventures purchased a total of 650,000 shares at $18 per share on October 28, amounting to an $11.7 million investment in the pharmaceutical preparations company.
Top Insider Sells:
Viking Therapeutics, Inc. (NASDAQ:VKTX) Chief Financial Officer Zante Greg executed a series of stock transactions on October 28. Greg sold shares totaling approximately $10,089,164 at prices ranging from $74.559 to $81.4447. He also acquired 94,001 shares through stock options at prices between $4.68 and $8.52, totaling about $704,282.
Netflix Inc. (NASDAQ:NFLX) director Richard N. Barton sold 5,698 shares at $756 each on October 25, amounting to approximately $4.3 million. Barton also exercised stock options to acquire 5,498 shares at prices ranging from $93.11 to $109.96 per share. These transactions were conducted under a pre-established trading plan.
Western Digital Corp (NASDAQ:WDC) CEO David Goeckeler sold 75,000 shares at an average price of $72.585 per share on October 25, totaling about $5.44 million. This sale was part of a pre-established Rule 10b5-1 trading plan. The company recently reported revenue growth to $4.1 billion in its fiscal first quarter of 2025 and is in the process of separating its Flash and HDD businesses.
CoStar Group, Inc. (NASDAQ:CSGP) director Michael Klein sold 71,633 shares on October 25 at an average price of $74.69, totaling approximately $5.35 million. Following this transaction, Klein's direct ownership in the company stands at 1,913,501 shares.
Ventas, Inc. (NYSE:NYSE:VTR) Chairman and CEO Debra A. Cafaro sold shares worth approximately $5.34 million on October 24 and 25. The sales involved 80,767 shares at a weighted average price range of $66.0969 to $66.111 per share, executed as part of a pre-established Rule 10b5-1 trading plan.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider transactions 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 note that insiders may have various reasons for buying or selling shares, and these transactions should be considered as part of a broader investment strategy.
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