Monday 10/5 Insider Buying Report: KMX, PRGS (NewsR.in)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys. On Wednesday, Carmax’s Director, Mark F. Oneil, made a $252,180 purchase of KMX, buying 2,700 shares at a cost of $93.40 each. So far Oneil is in the green, up about 6.2% on their buy based on today’s trading high of $99.19. Carmax is trading up about 3.2% on the day Monday. This buy marks the first one filed by Oneil in the past twelve months. And at Progress Software, there was insider buying on Thursday, by Chief Financial Officer Anthony Folger who purchased 2,622 shares at a cost of $37.75 each, for a trade totaling $98,980. This purchase marks the first one filed by Folger in the past year. Progress Software is trading down about 0.1% on the day Monday.
Palantir Technologies Inc (PLTR) CEO Alexander C. Karp Sold $111.6 million of Shares (Guru Focus)
CEO of Palantir Technologies Inc., Alexander C. Karp, sold 11,500,000 shares of PLTR on 10/01/2020 at an average price of $9.7 a share. The total sale was $111.6 million. Palantir Technologies Inc has a market cap of $14.61 billion; its shares were traded at around $9.20.
The Vice Chairman of Maximus (NYSE: MMS) is Selling Shares (Analyst Ratings)
Yesterday, the Vice Chairman of Maximus (MMS), Richard Montoni, sold shares of MMS for $796.2K. In addition to Richard Montoni, 3 other MMS executives reported Sell trades in the last month. Based on Maximus’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $901 million and quarterly net profit of $64.46 million.
Insider Trading: October 5, 2020 (BIV.com)
Insider: Kenneth Richard Donner, officer. Company: Pure Gold Mining Inc. (TSX-V:PGM). Shares owned: 97,900. Trade date: Sept 25, 28, 29. Trade total: $694,762. Trade: Sale of 300,000 shares at prices from $2.29 to $2.33 per share. Insider: Darin Mark Labrenz, director, officer. Company: Pure Gold Mining Inc. (TSX-V:PGM). Shares owned: 1,686,700. Trade date: Sept 25, 28. Trade total: $675,028. Trade: Sale of 291,200 shares at prices from $2.29 to $2.33 per share.
Notable Insider Buys Last Week: Blackstone, CarMax And More (Benzinga)
Last week, new director Brett Icahn purchased more than 202,700 Icahn Enterprises LP (IEP) depositary units at $49.32 apiece. That totaled around $10 million. Those units were sold by board chair Carl Icahn, father of that director. Note that Carl Icahn purchased Xerox shares last month. Icahn Enterprises stock ended last week trading at $50.05 a share. Continental Resources Inc. (CLR) saw Executive Chair Harold Hamm recently return to the buy window. More than 769,200 shares were acquired most recently for $12.35 to $12.93 each. That totaled over $9.75 million. Hamm also bought almost $66.90 million worth of shares back in July. Shares of this Oklahoma-City based company fell about 3% last week to end at $12.30.
Asana Inc (ASAN) President, CEO, & Chair Dustin A. Moskovitz Sold $24.6 million of Shares (Guru Focus)
President, CEO, & Chair of Asana Inc., Dustin A. Moskovitz, sold 900,000 shares of ASAN on 09/30/2020 at an average price of $27.34 a share. The total sale was $24.6 million. Asana Inc has a market cap of $3.92 billion; its shares were traded at around $25.91.
