This article summarizes the top insider buys and sells for US stocks on Wednesday.
Top Insider Buys:
• NexPoint Diversified Real Estate Trust (NYSE:NXDT): James Dondero, President of NexPoint Diversified Real Estate Trust, made significant stock purchases totaling $155,129. The transactions occurred on various dates, with share prices ranging from $13.70 to $15.73. Notably, Dondero acquired shares for custodial accounts of his children under the Uniform Transfers to Minors Act (UTMA), demonstrating a long-term investment perspective.
• Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY): Christopher Daniel Morris, Chief Executive Officer of Dave & Buster’s Entertainment, Inc., purchased 14,912 shares at a weighted average price between $33.51 and $33.88, totaling approximately $502,161. This substantial acquisition, executed on October 7, 2024, increased Morris’s total holdings to 83,847 shares, signaling strong confidence in the company’s future.
• Goldman Sachs Group Inc. (NYSE:): Mark A. Flaherty, a director at Goldman Sachs Group Inc., acquired additional shares worth approximately $29,544. The purchases were made over several months at prices ranging from $297.07 to $498.87 per share. These acquisitions were part of a discontinued dividend reinvestment program and are held in a revocable trust where Flaherty is the beneficiary.
Top Insider Sells:
• Arista Networks , Inc. (NYSE:NYSE:): Kenneth Duda, Chief Technology Officer and Senior Vice President of Software Engineering, sold shares worth over $15 million. The transactions involved multiple sales at prices ranging from $391.03 to $398.98, including direct sales and indirect sales through a children’s trust and a foundation.
• ACM Research, Inc. (NASDAQ:): A director at ACM Research, Inc. sold shares totaling over $23 million. The transactions occurred over several days, with prices ranging from $21.13 to $26.01 per share, indicating a significant reduction in the director’s holdings.
• Trade Desk Inc . (NASDAQ:): CEO Jeffrey Green sold Class A Common Stock totaling over $45 million. The sales were executed in multiple transactions with prices ranging from $111.75 to $113.35, representing a substantial divestment by the company’s chief executive.
• Workday, Inc. (NASDAQ:): David A. Duffield, associated with Workday, Inc., sold shares valued at over $30 million. The transactions were carried out under a Rule 10b5-1 trading plan, with prices ranging from $235.4538 to $241.3648 per share.
• Datadog, Inc. (NASDAQ:): CEO Olivier Pomel sold 85,637 shares of Class A Common Stock, amounting to over $10 million. The sales were executed at prices between $121.7425 and $123.4198 per share, in accordance with a pre-arranged 10b5-1 trading plan.
Investors should stay tuned to insider trading activities as they can provide valuable insights into a company’s prospects. While insider buying often signals confidence in the company’s future, insider selling may have various motivations and doesn’t necessarily indicate a negative outlook. It’s crucial to consider these transactions alongside other financial indicators and market trends when making investment decisions.
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