This article summarizes the top insider buys and sells for US stocks from Tuesday, October 22, 2024.
Top Insider Buys:
• FB Financial Corp (NYSE:FBK): James W. Ayers, a significant shareholder of FB Financial Corp, has increased his stake in the company by acquiring 5,500 shares over three separate transactions between October 18 and October 22, 2024. The purchases were made at prices ranging from $48.17 to $49.58 per share, totaling $267,170. Following these transactions, Ayers now holds 10,896,341 shares of FB Financial Corp.
• Tile Shop (NASDAQ:TTSH) Holdings, Inc. (NASDAQ:TTSH): Key investors, including Pleasant Lake Onshore Feeder Fund LP and affiliated entities, have acquired a total of 46,500 shares at prices ranging from $6.6745 to $6.8099 per share, amounting to a total investment of $312,815. These acquisitions increase their collective stake in the home furnishings retailer.
• Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF): Jeffrey Richart Geygan, the Interim CEO, acquired 31,109 shares of common stock at prices ranging from $2.1383 to $2.3246 per share, totaling approximately $67,900. Additionally, Geygan sold 820 shares at a weighted average price of $1.7501 per share on September 16. Following these transactions, Geygan, through Global Value Investment Corporation, holds an indirect ownership of 1,160,098 shares.
• Janux Therapeutics, Inc. (NASDAQ:JANX): RA Capital Management, L.P., a leading investment firm, acquired 1.2 million shares at $44.75 per share, totaling approximately $53.7 million. The transaction was finalized on October 18, 2024, following the satisfaction of customary closing conditions, including regulatory approvals.
Top Insider Sells:
• Okta, Inc. (NASDAQ:OKTA): Todd McKinnon, the Chief Executive Officer, sold 224,533 shares of Class A Common Stock at prices ranging from $74.6203 to $75.0621, totaling approximately $16.75 million. This sale was conducted under a pre-established Rule 10b5-1 trading plan. Following these transactions, McKinnon now holds no shares of Okta's Class A Common Stock directly.
• Toast, Inc. (NYSE:TOST): Brian R. Elworthy, General Counsel, sold 300,000 shares of Class A Common Stock at a weighted average price of $30.387, generating approximately $9.1 million. Elworthy also acquired 300,000 shares through the exercise of stock options at $1.52 per share. Following these transactions, Elworthy holds 177,836 shares directly and 78,736 shares indirectly through a trust.
• Travelers Companies, Inc. (NYSE:NYSE:TRV): Mojgan M. Lefebvre, Executive Vice President and Chief Technology and Operations Officer, sold 21,036 shares of common stock at prices ranging from $259.2685 to $261.185 per share, totaling approximately $5.46 million. Lefebvre also exercised stock options to acquire 21,036 shares at prices between $126.18 and $132.58 per share. Following these transactions, Lefebvre no longer holds any shares directly.
• United Therapeutics Corp (NASDAQ:UTHR): James Edgemond, CFO and Treasurer, sold 7,682 shares at $366.99 per share, totaling approximately $2.45 million. Edgemond also exercised stock options, acquiring shares at prices ranging from $117.76 to $120.26. Following these transactions, Edgemond's direct ownership stands at 6,978 shares.
• Travelers Companies, Inc. (NYSE:TRV): Alan D. Schnitzer, Chairman and CEO, sold 52,934 shares of common stock at prices ranging from $259.21 to $265.55 per share, generating approximately $13.14 million. Following these transactions, Schnitzer holds 221,923.97 shares directly and 8,521 shares indirectly through his spouse.
Investors should stay tuned to insider buying and selling activities 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 additional context when combined with other fundamental and technical analysis. Insiders may have unique knowledge about their company's operations and future outlook, making their trading activities potentially significant indicators for other investors to consider.
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