Twilio Inc (TWLO) COO George Hu Sold $1.8 million of Shares (Guru Focus)
COO of Twilio Inc., George Hu, sold 7,380 shares of TWLO on 08/17/2020 at an average price of $246.38 a share. The total sale was $1.8 million. Twilio Inc provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud as a pay-as- you-go service. Twilio Inc has a market cap of $36.6 billion; its shares were traded at around $255.67 with and P/S ratio of 25.53.
These were the Top 10 Stocks in Billionaire Investor David Tepper’s Hedge Fund in the 2nd Quarter (Business Insider)
Back in May, amid the height of the COVID-19 pandemic and a recovering stock market, billionaire investor David Tepper added to a chorus of concerns that the stock market was overvalued. In fact, Tepper told CNBC’s Scott Wapner that the market was “maybe the second most overvalued” he’s ever seen, barring the dot-com bubble. From there, stocks continued to rally, and just hit record all-time highs earlier this week.
Hedge Fund Billionaire Buys into RedBall Acquisition Corp. (SportBusiness.com)
Israel “Izzy” Englander, founder, chairman, and chief executive of New York-based hedge fund Millennium Management LLC and one of the world’s richest billionaires, has taken a nearly 8 per cent stake in RedBall Acquisition Corp., the newly formed, sports-oriented special purpose acquisition company (SPAC). In a move showing the continued interest in the sports and entertainment industry among the financial and investment communities, Englander’s Millennium Management was shown in a new filing with the US Securities & Exchange Commission to own 4.5m RedBall shares, a stake representing 7.8 per cent of RedBall and worth more than $45m based on the stock’s August 19 closing price of $10.04 per share.
Thursday 8/20 Insider Buying Report: CUTR, NEWR (Nasdaq.com)
At Cutera, a filing with the SEC revealed that on Wednesday, Director J. Daniel Plants bought 59,769 shares of CUTR, at a cost of $14.90 each, for a total investment of $890,648. Plants was up about 13.1% on the purchase at the high point of today’s trading session, with CUTR trading as high as $16.86 at last check today. Cutera is trading up about 10.9% on the day Thursday. Before this latest buy, Plants made one other purchase in the past twelve months, buying $999,999 shares for a cost of $10.50 a piece. And also on Wednesday, COO Michael J. Christenson purchased $510,480 worth of New Relic, purchasing 9,000 shares at a cost of $56.72 a piece. New Relic is trading up about 3% on the day Thursday. So far Christenson is in the green, up about 3.4% on their purchase based on today’s trading high of $58.65.
The SVP Intl. of Ebay (NASDAQ: EBAY) is Selling Shares (Analyst Ratings)
Yesterday, the SVP Intl. of Ebay (EBAY), Jae Hyun Lee, sold shares of EBAY for $711.2K. Following Jae Hyun Lee’s last EBAY Sell transaction on May 14, 2020, the stock climbed by 15.8%. In addition to Jae Hyun Lee, 2 other EBAY executives reported Sell trades in the last month. Based on Ebay’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.87 billion and quarterly net profit of $746 million. In comparison, last year the company earned revenue of $2.42 billion and had a net profit of $402 million. The company has a one-year high of $61.06 and a one-year low of $26.02. EBAY’s market cap is $40.39 billion and the company has a P/E ratio of 8.60.
Former Apple Lawyer Fails to Dismiss Insider Trading Indictment (Apple Insider)
Gene Levoff, the former senior director of corporate law for Apple, has been denied a motion to dismiss an indictment over charges of insider trading, after failing to convince a court that the prosecution was unconstitutional. Levoff, who oversaw Apple’s Insider Trading Policy as its corporate secretary and corporate law senior director, fought against the indictment with a filing in April. In a new filing by the US District Court for New Jersey on Wednesday, Levoff had his motion to dismiss soundly denied, forcing him to face the charges.
Netflix Inc (NFLX) Co-CEO & Chief Content Officer Theodore A Sarandos Sold $9.7 million of Shares (Guru Focus)
Co-CEO & Chief Content Officer of Netflix Inc., Theodore A Sarandos, sold 20,000 shares of NFLX on 08/18/2020 at an average price of $484.16 a share. The total sale was $9.7 million. Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series. Netflix Inc has a market cap of $213.69 billion; its shares were traded at around $484.53 with a P/E ratio of 81.71 and P/S ratio of 9.69.
