This article summarizes the most significant insider buying and selling activities for US stocks reported on Thursday, December 5, 2024.
Top Insider Buys:
PBF Energy Inc. (NYSE:PBF): Control Empresarial de Capitales S.A. de C.V., a major shareholder of PBF Energy, has purchased 300,000 Class A Common Shares. The acquisition, valued at approximately $9.25 million, was made at prices ranging from $30.61 to $30.9896 per share. This purchase increases Control Empresarial's holdings to 27,863,498 shares, representing about 24.2% of PBF Energy's outstanding Class A shares. The transaction comes as PBF Energy, currently valued at $3.57 billion, trades near its 52-week low while offering a 3.57% dividend yield. Despite recent challenges in the third quarter of 2024, including an adjusted net loss, PBF Energy has shown confidence by increasing its dividend by 10%.
Dorchester Minerals, L.P. (NASDAQ:DMLP): Two key executives at Dorchester Minerals have made significant purchases. Leslie A. Moriyama, Chief Financial Officer, acquired 12,050 common units at $34.41 each, totaling approximately $414,640. This increased her direct ownership to 83,450 units, although a subsequent tax-related transaction adjusted her total holdings to 77,907 units. Additionally, Bradley J. Ehrman, Chief Executive Officer, purchased 14,430 common units at an average price of $34.41 per unit, totaling about $496,536. These transactions come as DMLP demonstrates strong financial performance, boasting a 23.6% total return over the past year and a 12% dividend yield.
Sharps Technology Inc. (NASDAQ:STSS): Robert Hayes, Chief Executive Officer of Sharps Technology, has acquired 4,000 shares of company stock. The purchases were made at prices ranging from $1.94 to $2.16 per share, totaling $10,072. This investment comes as the stock trades near its 52-week low, having declined over 80% in the past year. Following these transactions, Hayes now directly owns 100,882 shares of Sharps Technology.
Psychemedics Corp (NASDAQ:PMD): Peter Kamin, a director and significant shareholder, has made a substantial investment in Psychemedics Corp. Kamin purchased 1,409,712 shares at $2.35 per share, amounting to approximately $3.31 million. This acquisition brings his indirect ownership, through various trusts and partnerships, to 1,820,418 shares. The purchase is particularly significant given PMD's market capitalization of $13.85 million.
Top Insider Sells:
AppFolio Inc. (NASDAQ:APPF): Blottnitz, an insider at AppFolio, has sold shares as part of a pre-arranged trading plan. The transactions resulted in the sale of Class A Common Stock, with Blottnitz now directly owning 6,092 shares. Additionally, Blottnitz converted 20,000 shares of Class B Common Stock into Class A Common Stock.
Airbnb, Inc. (NASDAQ:ABNB): Joseph Gebbia, a co-founder and board member of Airbnb, has sold a significant number of shares. The transactions were conducted under a Rule 10b5-1 trading plan. Gebbia also exercised stock options, acquiring 11,636 shares at $40.18 per share, totaling $467,534.
AppLovin Corp (NASDAQ:APP): Victoria Valenzuela, Chief Legal Officer and Corporate Secretary at AppLovin, sold 18,925 shares of Class A Common Stock. The sales were conducted at prices ranging from $350.45 to $357.57 per share, generating approximately $6.35 million. Following these transactions, Valenzuela holds 405,676 shares in the company.
Core & Main, Inc. (NYSE:CNM): Stephen O. LeClair, Chief Executive Officer, sold 200,000 shares of Class A common stock at a weighted average price of $54.88, totaling approximately $10.98 million. This transaction was conducted under a pre-established trading plan.
Frontier Communications (OTC:FTRCQ) Parent, Inc. (NASDAQ:FYBR): Ares Management (NYSE:ARES) LLC and affiliated entities sold 830,000 shares of common stock, amounting to approximately $28.7 million. The transaction prices ranged from $34.519 to $34.5913 per share.
Investors should stay informed about insider trading activities as they can provide valuable insights into a company's internal perspective. While insider buying often signals confidence in the company's future prospects, selling can occur for various reasons and doesn't necessarily indicate a negative outlook. It's crucial to consider these transactions as part of a broader investment analysis rather than as standalone indicators.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.