This article summarizes the most significant insider buying and selling activities for US stocks reported on Tuesday, December 31, 2024.
Top Insider Buys:
Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) saw significant insider buying activity. Paul T. Dacier, a major shareholder, acquired 8,782 shares of Class A common stock at approximately $11.39 per share, totaling around $100,026. This purchase was part of a private placement linked to a business combination involving Coliseum Acquisition Corp. and Rain Enhancement Technologies, Inc. Following this transaction, Dacier now holds a total of 1,848,104 shares indirectly through Rainwater LLC. It's worth noting that RAIN, a micro-cap company valued at $3.97 million, has experienced a remarkable surge of over 430% in its stock price over the past year.
CVR Partners, LP (NYSE:UAN) reported substantial insider buying by Carl C. Icahn. The billionaire investor indirectly purchased 18,000 common units of the company through entities associated with him, including American Entertainment Properties Corp. and IEP Energy Holding LLC. Following these acquisitions, Icahn's total ownership in CVR Partners now stands at 174,192 common units. CVR Partners, based in Sugar Land, Texas, is a key player in the agricultural chemicals sector, specializing in nitrogen fertilizer production.
Tile Shop (NASDAQ:TTSH) Holdings, Inc. (NASDAQ:TTSH) witnessed significant stock acquisitions by major stakeholders. Pleasant Lake Onshore Feeder Fund LP, Fund 1 Investments, LLC, and Pleasant Lake Partners LLC collectively purchased shares worth approximately $1,197,220. The acquisitions occurred over several transactions from December 27 to December 31, 2024, with purchase prices ranging between $6.7327 and $6.9071 per share. Following these transactions, the total shares owned by these entities increased to 10,225,001.
BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ) saw substantial insider buying from Saba Capital Management, L.P., led by Boaz Weinstein. The investment firm acquired a total of 431,872 shares over two transactions, with prices ranging from $7.45 to $7.52 per share. The total value of these transactions amounts to approximately $3.2 million, increasing Saba Capital's holdings in the trust to 60,047,827 shares.
Zivo Bioscience, Inc. (NASDAQ:ZIVO) reported a significant stock acquisition by major shareholder Mark E. Strome. Through Strome Investment Management LP and Strome Group, Inc., Strome acquired 75,000 shares of Zivo Bioscience's common stock at a price of $20.19 per share, totaling approximately $1.51 million. Additionally, a related transaction involved the acquisition of 7,500 common stock purchase warrants, which were exercised at no cost on the same date.
Top Insider Sells:
Roivant Sciences Ltd. (NASDAQ:ROIV) reported insider selling activity by Eric Venker, the company's President and Chief Operating Officer. Venker sold a total of 354,604 common shares, generating approximately $4.1 million. The sales prices ranged from $11.54 to $11.82 per share. In addition to the sales, Venker also exercised stock options to acquire 500,000 common shares at a price of $3.85 per share. Following these transactions, Venker's direct ownership stands at 740,976 shares in the $8.6 billion market cap company.
Quantum-Si Incorporated (NASDAQ:QSI) saw significant insider selling by Jonathan M. Rothberg, a major shareholder and director. Rothberg sold a total of 1,000,000 shares of Class A common stock in multiple transactions, with prices ranging from $2.0701 to $2.1798 per share. The total value of these sales amounted to approximately $2.12 million. The transactions were conducted under a 10b5-1 trading plan established on September 11, 2023, as part of estate planning efforts.
Green Dot Corp (NYSE:NYSE:GDOT) reported substantial insider selling by Topline Capital Partners (WA:CPAP), LP, a significant shareholder. The firm sold a total of 959,180 shares over three transactions, with prices ranging from $10.44 to $10.54 per share, resulting in a total transaction value of approximately $10.1 million. Following these transactions, Topline Capital Partners retains ownership of 5,376,787 shares in Green Dot Corp.
ACV Auctions Inc. (NASDAQ:ACVA) disclosed insider selling by William Zerella, the company's Chief Financial Officer. Zerella sold 32,500 shares of the company's Class A common stock at a weighted average price of $21.65, amounting to a total transaction value of $703,625. The sale was conducted under a Rule 10b5-1 trading plan, which Zerella entered into on August 30, 2023.
Workday, Inc. (NASDAQ:WDAY) reported significant insider selling by David A. Duffield, a major shareholder. Duffield sold shares worth approximately $14.7 million on December 30, 2024. The transactions involved the sale of Class A Common Stock at prices ranging from $259.95 to $264.12 per share. Following these transactions, Duffield retains ownership of 172,000 shares through the Dave & Cheryl Duffield Foundation, while 102,997 shares are held directly by the David A. Duffield Trust.
Staying informed about insider trading activities can provide valuable insights for investors. While insider buying often signals confidence in a company's future prospects, insider selling may occur for various reasons and doesn't necessarily indicate a negative outlook. It's crucial to consider these transactions as part of a broader analysis, including company fundamentals, market conditions, and overall investment strategy.
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