Hedge Fund and Insider Trading News: Michael Novogratz, Ken Griffin, Bill Ackman, Fortress Investment Group, Etsy Inc (ETSY), Antero Midstream Corp (AM), and More

Etsy Inc (ETSY) President & CEO Josh Silverman Sold $4.7 million of Shares (Guru Focus)
President & CEO of Etsy Inc., Josh Silverman, sold 70,000 shares of ETSY on 05/05/2020 at an average price of $67.07 a share. The total sale was $4.7 million. Etsy Inc operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. Etsy Inc has a market cap of $8.98 billion; its shares were traded at around $75.76 with a P/E ratio of 104.87 and P/S ratio of 12.21.

Wednesday 5/6 Insider Buying Report: BXP, AMG (Nasdaq.com)
On Monday, Boston Properties’ Director, Bruce W. Duncan, made a $980,587 purchase of BXP, buying 11,000 shares at a cost of $89.14 each. Investors have the opportunity to grab BXP at a price even lower than Duncan did, with the stock trading as low as $84.80 in trading on Wednesday which is 4.9% below Duncan’s purchase price. Boston Properties is trading down about 3% on the day Wednesday. This buy marks the first one filed by Duncan in the past twelve months. And at Affiliated Managers Group, there was insider buying on Friday, by Director Reuben Jeffery III who bought 10,000 shares at a cost of $65.21 each, for a trade totaling $652,100. Affiliated Managers Group is trading down about 2.2% on the day Wednesday.

What Did This CEO Just Do with Personal Shares of Antero Midstream (NYSE: AM)? (Analyst Ratings)
Yesterday, the CEO of Antero Midstream (AM), Paul Rady, sold shares of AM for $73.8M. This is Rady’s first transaction since reporting a Buy transaction on AR back in May 2019 In addition to Paul Rady, one other AM executive reported Sell trades in the last month. Based on Antero Midstream’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $261 million and GAAP net loss of -$392,933,000.

SEC Charges Husband and Wife in Insider Trading Scheme (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has charged husband and wife Zhuobin (“Ben”) Hong and Caixia Jiang in a multi-million dollar insider trading scheme involving the securities of Sagent Pharmaceuticals, Inc. According to the SEC’s complaint, filed in federal district court in California, Hong and Jiang generated profits of approximately $8.5 million by trading in the securities of Sagent in advance of a July 11, 2016 announcement about the company’s acquisition. The complaint alleges that the couple obtained confidential information about the acquisition directly or indirectly from a friend and neighbor whose company competed in the bidding process to acquire Sagent.