This article summarizes the most significant insider buying and selling activities reported for Monday, December 2, 2024, in US stocks.
Top Buys:
Spruce Power Holding Corp (NASDAQ:SPRU): Clara Nagy McBane, a director at Spruce Power Holding Corp, purchased 2,000 shares of common stock at $2.40 per share, totaling $4,800. This acquisition increased McBane's direct ownership to 72,755 shares. The transaction occurred on November 27, 2024, as Spruce Power, with a market capitalization of $46.5 million, trades at a low Price/Book ratio of 0.31. The stock has recently shown momentum with a 9% gain over the past week. In related news, NJR Clean Energy Ventures sold its residential solar portfolio to Spruce Power for $132.5 million, involving 91 megawatts of solar assets and approximately 9,800 residential solar lease agreements.
Vroom (OTC:VRMMQ), Inc. (NASDAQ:VRM): Robert J. Mylod Jr., a director at Vroom, Inc., acquired 50,000 shares of common stock at an average price of $5.23 per share, for a total transaction value of $261,730. Following this purchase, Mylod holds 65,856 shares indirectly through Annox Capital, LLC. The stock is currently trading at $5.99, down nearly 88% year-to-date. Despite strong revenue growth of 147% in the last twelve months, Vroom faces potential challenges as indicated by its weak Financial Health Score.
Spire Inc. (NYSE:NYSE:SR): Paul D. Koonce, a director at Spire Inc., purchased 1,000 shares of the company's common stock at $73.61 per share, totaling $73,610. The transaction took place on December 2, 2024, as Spire trades near its 52-week high of $73.64. Following this acquisition, Koonce holds a total of 2,425 shares in a revocable trust, 2,150 shares directly, and 5,000 shares in an IRA. Spire, a $4.2 billion market cap utility company, has a 21-year track record of consecutive dividend increases and currently offers a 4.3% yield.
SuRo Capital Corp. (NASDAQ:SSSS): Allison Green, the Chief Financial Officer at SuRo Capital Corp., acquired 9,100 shares of the company's common stock at a weighted-average price of $5.48 per share, totaling approximately $49,868. The transactions occurred on December 2, 2024, near the company's 52-week high of $5.55. Following this purchase, Green holds a total of 136,734 shares directly, including restricted shares subject to vesting schedules. SuRo Capital has shown strong momentum with a 31% gain over the past six months.
Newmont Corp (NYSE:NEM): Harry M. Conger IV, a director at Newmont Corp, purchased 9,498 shares of the company's common stock at an average price of $42.15 per share, amounting to approximately $400,335. The transaction took place on November 27, 2024. Following this acquisition, Conger's total holdings increased to 14,498 shares, held indirectly through the Conger-Sailors Family Trust. Newmont, a leading gold and silver mining company with a market capitalization of $46.4 billion, has a 54-year track record of consecutive dividend payments and currently yields 2.4%.
Top Sells:
CrowdStrike Holdings, Inc. (NASDAQ:CRWD): Gerhard Watzinger, a director at CrowdStrike Holdings, Inc., sold 29,000 shares of Class A common stock at prices ranging from $347.49 to $349.79 per share, totaling approximately $10.47 million. The transactions occurred on November 29, 2024. Following these sales, Watzinger holds 42,391 shares indirectly through Clavius Capital LLC, 7,133 shares directly, and his wife holds 7,000 shares indirectly. CrowdStrike, valued at $85.38 billion, maintains strong financial health with a 31.35% revenue growth.
Ares Management Corp (NYSE:NYSE:ARES): Michael J Arougheti, CEO and President of Ares Management Corp, sold a total of 150,000 shares of Class A Common Stock through multiple transactions. The shares were sold at prices ranging from $174.92 to $179.97 per share. Following these sales, Arougheti's indirect ownership through Atticus Enterprises LLC now stands at zero shares. However, he still holds 1,375,000 restricted units of Class A Common Stock set to vest according to the company's equity incentive plan.
Ares Management Corp (NYSE:ARES): David B. Kaplan, a director at Ares Management Corp, sold 150,000 shares of Class A Common Stock through multiple transactions. The shares were sold at prices ranging from $174.92 to $179.97 per share. Following these sales, Kaplan, through Trently Holdings, LLC, no longer holds any shares directly. However, he retains indirect ownership of 1,150,052 shares through Ares Owners Holdings L.P.
Ares Management Corp (NYSE:ARES): Bennett Rosenthal, Co-Founder and Chairman of PEG at Ares Management Corp, sold 28,107 shares of Class A Common Stock at a weighted average price range of $174.93 to $179.92, totaling approximately $5.1 million. Following these transactions, Rosenthal, through BAR Holdings, LLC, no longer holds any shares directly but retains an indirect interest through his partnership in Ares Owners Holdings L.P.
Snowflake Inc . (NYSE:NYSE:SNOW): Frank Slootman, a director at Snowflake Inc., sold 59,617 shares of Class A Common Stock at prices ranging from $175.202 to $178.203 per share, amounting to approximately $10.5 million. Following these sales, Slootman retains ownership of 208,735 shares directly and holds additional shares indirectly through various trusts and a family foundation.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial metrics and market analysis. Insider buying may signal confidence in the company's future prospects, while selling could have various motivations, including personal financial planning or diversification needs.
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