This article summarizes the most significant insider buys and sells from Wednesday, October 30, 2024, for US stocks.
Top Insider Buys:
• Septerna, Inc. (NASDAQ:SEPN) saw a substantial investment from RA Capital Management, L.P., a significant shareholder. The firm purchased 3,828,400 shares worth $75,060,000 at $18 per share on October 28, 2024. Additionally, RA Capital Nexus Fund III, L.P. acquired 341,600 shares at the same price, further strengthening their stake in the South San Francisco-based pharmaceutical company.
• St Joe Co (NYSE:JOE) President, CEO, and Chairman Jorge Luis Gonzalez acquired 1,695 shares of common stock on October 25, 2024. The purchase was made at $53.05 per share, totaling $89,919. Following this transaction, Gonzalez now holds 60,093 shares directly, demonstrating his continued commitment to the real estate and construction firm.
• Socket Mobile, Inc. (NASDAQ:SCKT) director and significant shareholder Charlie Bass acquired 10,000 shares of common stock on October 29 and 30. The purchases were executed at prices ranging from $1.0768 to $1.0894 per share, amounting to an investment of approximately $10,831. Bass now holds a total of 1,486,651 shares directly.
• Crocs , Inc. (NASDAQ:CROX) director John Replogle purchased 2,240 shares of the company's common stock on October 30. The transaction was executed at a weighted average price of $112.599 per share, totaling approximately $252,221. This acquisition increased Replogle's direct ownership to 9,304 shares.
• Monopar Therapeutics (NASDAQ:MNPR) Chief Financial Officer Karthik Radhakrishnan acquired 1,550 shares of the company's common stock at $16.25 each, totaling approximately $25,187. This transaction was part of a public offering detailed in the prospectus dated October 28, 2024.
Top Insider Sells:
• Keurig Dr Pepper Inc. (NASDAQ:KDP) saw a significant sale by major shareholder JAB BevCo B.V., which sold 69 million shares of common stock at $32.65 each, totaling approximately $2.25 billion. Following this transaction, JAB BevCo B.V. holds 214,443,879 shares of Keurig Dr Pepper.
• Southwest Airlines Co. (NYSE:NYSE:LUV) experienced a large sale by Elliott Investment Management L.P., which sold 1,203,920 shares at an average price of $29.83, generating approximately $35.9 million. The firm still holds 59,912,580 shares of Southwest Airlines.
• Impinj Inc. (NASDAQ:PI) Chief Financial Officer Cary Baker sold shares totaling $3,073,471 at prices ranging from $200.58 to $208.68 per share. Baker also acquired shares through option exercises on the same day.
• Western Digital Corp (NASDAQ:WDC) Executive Vice President and General Manager Robert Soderbery sold 30,767 shares at a weighted average price of $68.0118, resulting in a total transaction value of approximately $2.1 million.
• St Joe Co (NYSE:JOE) saw significant shareholder Bruce R. Berkowitz, through Fairholme Funds Inc, sell 91,800 shares at prices ranging from $53.05 to $53.14, amounting to approximately $4.93 million.
Investors should stay tuned to insider buys and sells 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 clues about management's confidence in the company's future performance and potential market trends. However, it's essential to consider these transactions alongside other fundamental and technical analysis factors when making investment choices.
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