Who's Buying and Who's Selling?
04/25/2014 7:00 am EST
Jonathan Moreland of Insider Insights screens potential buy or sell candidates based on what key executives and directors at various publicly traded companies are buying or selling.
Welcome to our roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.
The privately owned hedge fund sponsor Spo Advisory bought 135,000 shares of data center services company Equinix (EQIX) for $24,263,058.
Muneer Satter, co-chairman and lead director at biotherapeutic company Vital Therapies (VTL), bought 360,966 shares of company stock for $4,331,592. Satter also serves as treasurer of the charitable environmental organization The Nature Conservancy, and was previously a managing director at Goldman Sachs (GS).
The American businessman, philanthropist, and investor Leon Cooperman, a beneficial owner of independent developer and producer of natural gas, crude oil, and natural gas liquids Atlas Resource Partners (ARP), bought 109,700 shares of company stock for $2,211,552.
Jeffrey Kindler, a director at fast food chain Chipotle Mexican Grill (CMG), bought 1,000 shares of company stock for $509,576.
For more insider trades, see the charts below.
In a victory for common sense, it has been proven profitable—by both academic studies and (more importantly) the experience of your fellow professional investors—to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or 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.
By Jonathan Moreland, Founder, Insider Insights