This article summarizes the most significant insider buys and sells reported for US stocks on Friday, November 22, 2024.
Top Insider Buys:
Cliffwater Enhanced Lending Fund (NASDAQ:CELFX): Dominic Jerome Garcia, a director at Cliffwater Enhanced Lending Fund, made a substantial investment by acquiring 45,413 Class I shares of the fund. The purchase, executed on November 20, amounted to approximately $500,000, with each share priced at $11.01. This transaction significantly increased Garcia’s direct ownership in the fund.
Cliffwater Corporate Lending Fund (NASDAQ:CCLFX): In a similar move, Dominic Jerome Garcia, also a director at Cliffwater Corporate Lending Fund, bought 27,803.522 Class I shares valued at approximately $300,000. The acquisition, made on November 20, was priced at $10.79 per share. Following this transaction, Garcia’s direct ownership in the fund stands at 27,803.522 shares, demonstrating his continued confidence in the corporate lending-focused fund.
TriSalus Life Sciences, Inc. (NASDAQ:TLSI): Director Mats Wahlstrom increased his stake in TriSalus Life Sciences through a series of purchases totaling $47,056. The transactions occurred over two days, with 2,040 shares acquired on November 20 at an average price of $4.16 per share, and an additional 8,687 shares purchased on November 21 at an average price of $4.44 per share. These acquisitions brought Wahlstrom’s direct ownership to 10,727 shares.
Catalyst Bancorp, Inc. (NASDAQ:CLST): Kirk E. Kleiser, a director at Catalyst Bancorp, acquired 1,900 shares of the company’s common stock on November 22. The purchase was executed at $11.635 per share, totaling approximately $22,106. Kleiser’s holdings now include diverse ownership through various entities, including an IRA and LLCs, with notable holdings in Kleiser Enterprises, Inc., where he serves as a senior managing member.
Roadzen Inc. (NASDAQ:RDZN): CEO and Director Rohan Malhotra made a series of purchases totaling 6,750 ordinary shares of Roadzen Inc. The transactions took place on November 21 and 22, with share prices ranging from $0.82 to $0.85, amounting to a total investment of $5,647. Following these acquisitions, Malhotra’s direct and indirect holdings in the company have significantly increased.
Top Insider Sells:
Salesforce, Inc. (NYSE:): Brian Millham, President and Chief Operating Officer of Salesforce, sold 14,808 shares of the company’s common stock on November 22. The transaction, executed at $338.95 per share, totaled approximately $5.02 million. This sale was part of a pre-established trading plan under Rule 10b5-1, adopted by Millham in December 2023.
Palantir Technologies Inc . (NYSE:NYSE:): CEO Alexander Karp executed substantial stock sales over two days. On November 20, Karp sold shares totaling approximately $25 million, with prices ranging from $60.6791 to $63.0749 per share. The following day, he continued with additional sales amounting to around $30.43 million at $63.092 per share.
AppLovin Corp (NASDAQ:): Shikin Vasily, Chief Technology Officer of AppLovin, reported significant stock sales totaling $189.6 million on November 21. The Class A Common Stock shares were sold at prices ranging from $309.84 to $327.90 per share. Following these transactions, Vasily retains ownership of approximately 3,919,624 shares directly, with additional shares held indirectly through various trusts.
Walt Disney Co. (NYSE:NYSE:): CEO Robert A. Iger sold 372,412 shares of Disney stock on November 22, generating $42.67 million. The shares were sold at prices ranging from $114.49 to $114.93 per share. Iger also exercised stock options to acquire the same number of shares at $92.24 per share, totaling $34.35 million.
Hess Corporation (NYSE:NYSE:): CEO John B. Hess sold a significant portion of his holdings over three consecutive days. The transactions involved the sale of 580,294 shares, generating approximately $50.65 million. The shares were sold at prices ranging from $146.53 to $149.34 per share, leaving Hess with a direct ownership of 7,988 shares.
Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company’s health and potential future performance. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market indicators. Insiders often have unique knowledge about their company’s prospects, making their trading activities a potentially useful signal for market participants.
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