This article summarizes the most significant insider buying and selling activities for US stocks reported on Thursday.
Top Insider Buys:
Verisign Inc . (NASDAQ:VRSN):
Berkshire Hathaway (NYSE:BRKa) has increased its stake in Verisign Inc., a key player in domain name registry services and internet security. The company, headquartered in Reston, VA, currently trades at a P/E ratio of 23.56. This strategic move reflects Berkshire Hathaway's continued confidence in Verisign's business model and growth potential. The shares are held indirectly through various subsidiaries and pension plans associated with Berkshire Hathaway, with Warren E. Buffett deemed to have a beneficial interest in these shares due to his position as the controlling stockholder of Berkshire. InvestingPro analysis reveals that Verisign maintains a strong financial health score of "GREAT" with consistent revenue growth of 4.08% over the last twelve months.
CVR Partners, LP (NYSE:UAN):
Carl Icahn, along with affiliated entities IEP Energy Holding LLC and American Entertainment Properties Corp., has increased their stake in CVR Partners, LP, a $794 million market cap company engaged in the production of nitrogen fertilizer products. The purchases, totaling $535,706, occurred over several days in December, with unit prices ranging from $74.36 to $74.92. The common units are held indirectly through American Entertainment Properties Corp. According to InvestingPro, CVR Partners maintains a "GREAT" financial health score of 3.15 out of 5 and offers an attractive 6.3% dividend yield.
Progyny, Inc. (NASDAQ:PGNY):
David J. Schlanger, Executive Chairman of Progyny, Inc., has acquired 150,000 shares of the company's common stock at a weighted average price of $14.6822 per share, totaling approximately $2.2 million. This purchase comes as the stock trades near its 52-week low, having declined over 46% in the past six months. Following this transaction, Schlanger now holds 228,269 shares directly. InvestingPro data reveals that Progyny maintains a "GREAT" financial health score, holds more cash than debt, and has strong liquidity with a current ratio of 2.62.
Top Insider Sells:
CrowdStrike Holdings, Inc. (NASDAQ:CRWD):
George Kurtz, President and CEO of CrowdStrike Holdings, Inc., sold shares totaling approximately $6.5 million. The transactions occurred on December 23, with sale prices ranging from $355.39 to $365.38 per share. These sales were carried out to cover tax withholdings related to the vesting of restricted stock unit awards. Following these transactions, Kurtz retains direct ownership of 2,159,935 shares and holds additional shares indirectly through various trusts.
Meta Platforms, Inc. (NASDAQ:META):
Mark Zuckerberg, CEO of Meta Platforms, Inc., sold a substantial number of Class A Common Stock shares totaling approximately $21.7 million. The sales were executed through CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation, with prices ranging from $600.51 to $607.60 per share. These transactions were carried out under a pre-established trading plan as META trades near its 52-week high.
Workday, Inc. (NASDAQ:WDAY):
David A. Duffield, a significant shareholder at Workday, Inc., sold shares worth approximately $14.9 million. The transactions involved the sale of Class A Common Stock at prices ranging from $264.67 to $270.87 per share. Following these sales, Duffield holds 228,000 shares directly and 102,997 shares through a trust. These transactions were executed under a pre-established 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 buying often signals confidence in the company's future, insider selling may occur for various reasons and doesn't necessarily indicate a lack of faith in the company. However, large or unusual transactions can be worth noting as part of a comprehensive investment analysis.
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