This article summarizes the top insider buys and sells for US stocks reported on Monday, September 16, 2024.
Top Insider Buys:
• Zenas BioPharma, Inc. (NASDAQ:ZBIO) reported multiple insider purchases in the recent IPO. Board member Patrick G. Enright acquired 440,000 shares at $17.00 per share, totaling $7.48 million. Director Jason Raleigh purchased 882,352 shares at $17.00 per share, amounting to approximately $15 million. SR One Capital Management, LLC, a significant shareholder, bought 1,794,118 shares at $17.00 each, totaling around $38 million.
Top Insider Sells:
• Toast Inc. (NYSE:TOST) director Richard Kent Bennett sold a substantial amount of Class A Common Stock over two days. The shares were sold at weighted average prices of $26.08 and $26.22, with individual transaction prices ranging from $26.00 to $26.52 per share.
• Ares Management Corp (NYSE:ARES) Co-Founder and Chairman of Private Equity Group, Bennett Rosenthal, sold shares worth over $10.7 million. The transactions were executed at prices ranging from $141.03 to $143.65 under a pre-arranged 10b5-1 trading plan.
• IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Gendell and affiliated entities sold shares totaling over $23.9 million. The sales occurred between September 12 and 16, with prices ranging from $157.82 to $163.30.
• Celsius Holdings , Inc. (NASDAQ:CELH) CEO John Fieldly sold 626,268 shares, bringing in over $21 million. The transactions took place on September 12 and 13, with share prices ranging from $32.80 to $34.36.
• Gartner Inc. (NYSE:NYSE:IT) Chairman and CEO Eugene A. Hall sold shares worth $17,213,808. The sales were executed in multiple trades with prices ranging from $502.73 to $506.99 per share.
Investors should stay informed about insider trading activities as they can provide valuable insights into a company's internal perspective. While not always indicative of future performance, these transactions may reflect insiders' confidence or concerns about their company's prospects. However, it's important to consider these activities alongside other financial metrics and market trends when making investment decisions.
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