This article summarizes the most significant insider buying and selling activities reported on Thursday for US stocks.
Top Insider Buys:
Berkshire Hathaway Inc . (NYSE:BRKa) (NYSE:BRK.A) made a substantial investment in Sirius XM Holdings Inc. (NASDAQ:SIRI), purchasing approximately $60.7 million worth of shares over three consecutive days. The acquisitions occurred from October 29 to October 31, with share prices ranging from $26.5913 to $27.65. This move by Warren Buffett's conglomerate demonstrates continued confidence in the satellite radio company.
First Business Financial (NASDAQ:FBIZ) Services, Inc. (NASDAQ:FBIZ) saw director Carol Sanders increase her stake in the company. Sanders acquired 134 shares on October 30, at prices between $44.70 and $44.9736 per share, for a total investment of $5,998. Following these transactions, Sanders now holds 11,136 shares directly and 8,211 shares through her SEP IRA.
Live Oak Bancshares, Inc. (NASDAQ:NYSE:LOB) director Cameron William Henderson purchased 1,000 shares of the company's voting common stock on October 29. The shares were bought at an average price of $39.762 each, totaling approximately $39,762. This acquisition brings Henderson's total ownership to 209,591 shares.
Marten Transport Ltd (NASDAQ:MRTN) director Jerry M. Bauer acquired 10,000 shares of the company's common stock on October 30. The purchase was executed at a weighted average price of $15.8051 per share, resulting in a total investment of $158,051. Bauer's direct ownership in the company increased to 156,444 shares following this transaction.
Pfizer Inc. (NYSE:NYSE:PFE) director Scott Gottlieb bought 1,000 shares of the company's common stock at $28.24 per share, for a total transaction value of $28,240. This purchase increased Gottlieb's direct holdings to 10,000 shares, demonstrating his confidence in the pharmaceutical giant's future prospects.
Top Insider Sells:
Impinj Inc (NASDAQ:PI) saw significant selling activity from major stakeholder Sylebra Capital LLC. The firm sold 175,804 shares over two days, with prices ranging between $195.355 and $201.947 per share, totaling approximately $35.3 million. Despite this sale, Sylebra Capital LLC still holds 3,021,548 shares indirectly.
PROCEPT BioRobotics Corp (NASDAQ:PRCT) President and CEO Reza Zadno sold 288,461 shares at $91 per share, totaling approximately $26.2 million. This sale was conducted in connection with underwriters exercising an option to purchase shares. Zadno also exercised stock options to acquire the same number of shares at $4.37 per share.
Ventas, Inc. (NYSE:NYSE:VTR) Chairman and CEO Debra A. Cafaro sold 155,333 shares over two days, generating approximately $10.29 million. The shares were sold at prices ranging from $66.1677 to $66.6669 per share as part of a pre-established trading plan.
Amphenol Corp (NYSE:NYSE:APH) Senior Vice President Lance E. D'Amico sold 75,000 shares at an average price of $68.80, generating approximately $5.16 million. This sale followed a transaction where D'Amico acquired 100,000 shares through stock options at $22.00 per share.
Comfort Systems USA Inc . (NYSE:NYSE:FIX) Chairman Franklin Myers sold 12,000 shares at an average price of $390.18, totaling approximately $4.68 million. Following this transaction, Myers retains ownership of 106,498 shares in the company.
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 analysis and market research. It's important to consider the reasons behind these transactions, which may include personal financial planning, diversification, or changes in an insider's view of the company's future performance.
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