This article summarizes the most significant insider buys and sells reported for US stocks on Tuesday, October 15, 2024.
Top Insider Buys:
Camp4 Therapeutics Corp (NASDAQ:CAMP) saw multiple insiders make substantial purchases:
• Polaris (NYSE:PII) Partners X, L.P., a significant stakeholder in Camp4 Therapeutics Corp, acquired 909,090 shares at $11.00 per share, totaling approximately $9.99 million. This transaction was part of a series of activities involving several entities associated with Polaris, further consolidating their position as a ten percent owner in the company.
• 5AM Ventures VI, L.P. also purchased 909,090 shares of Camp4 Therapeutics Corp at $11 per share, amounting to a total investment of approximately $9.99 million. This acquisition reflects 5AM Ventures' ongoing interest and commitment to the pharmaceutical preparations sector, particularly in Camp4 Therapeutics.
• Nashat Amir, a director at Camp4 Therapeutics Corp, acquired 909,090 shares at $11 per share, resulting in a total transaction value of approximately $9.99 million. The acquisition adds to Amir's holdings, which are managed through various entities associated with Polaris Partners.
• Andrew J. Schwab, a director and significant shareholder of Camp4 Therapeutics Corp, purchased 909,090 shares at $11 each, amounting to a total value of approximately $9.99 million. This transaction increases his total holdings to 2,625,145 shares and was part of a series of conversions and purchases that took place on October 15, 2024.
Top Insider Sells:
• CrowdStrike Holdings, Inc. (NASDAQ:CRWD) director Sameer K. Gandhi sold 6,250 shares, amounting to approximately $2,002,376. The shares were sold at prices ranging from $320.38 to $321.42 per share. Following these transactions, Gandhi retains ownership of 821,766 shares through various entities.
• The ITEM Second Irrevocable Trust FBO Jacob J. Westphal sold a total of 135,146 shares of Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX) Class A Common Stock over three consecutive days in October. The sales were executed at weighted average prices ranging from $39.729 to $40.7688 per share, totaling approximately $5.46 million.
• The ITEM Second Irrevocable Trust, under the administration of Anne Marie Westphal, sold 75,175 shares of Vertex, Inc. (NASDAQ:VERX) Class A Common Stock on October 10 and 11. The sales were made at prices ranging from $39.38 to $40.835 per share, resulting in a total transaction value of approximately $3.02 million.
• The W.K. Kellogg (NYSE:K) Foundation Trust sold 114,583 shares of Kellanova (NYSE:K) common stock at an average price of $80.6254 each, totaling approximately $9.24 million. The sales were executed under a pre-established trading plan designed to comply with SEC Rule 10b5-1.
• Ernest C. Garcia II, a ten percent owner of Carvana Co. (NYSE:NYSE:CVNA), sold a significant portion of the company's Class A common stock, totaling $38.3 million. The shares were sold at prices ranging from $188.49 to $194.68 per share through a 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 fundamental and technical analysis. It's important to remember that insiders may have various reasons for buying or selling shares, and their actions do not always indicate future stock performance.
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