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This article summarizes the most significant insider buying and selling activities for US stocks reported on Friday, December 20, 2024.
Top Insider Buys:
Tile Shop Holdings (NASDAQ:TTSH):
Pleasant Lake Partners LLC and associated entities significantly increased their stake in Tile Shop Holdings. The purchases, made indirectly, brought their total holdings to 9,948,964 shares. These acquisitions were made for the benefit of the Pleasant Lake Onshore Feeder Fund and another private investment vehicle advised by Pleasant Lake Partners LLC. Fund 1 Investments, LLC, with Jonathan Lennon as its managing member, acts as the managing member of Pleasant Lake Partners. According to InvestingPro data, Tile Shop Holdings maintains strong liquidity with a current ratio of 1.52 and is expected to remain profitable this year.
CVR Partners, LP (NYSE:UAN):
Carl Icahn, a renowned investor, bolstered his position in CVR Partners, LP by purchasing 11,589 common units between December 18 and December 20, 2024. The units were acquired at prices ranging from $73.99 to $74.55 per share, totaling an investment of $860,177. These transactions were made indirectly through entities associated with Icahn, including American Entertainment Properties Corp. and IEP Energy Holding LLC. Following these acquisitions, Icahn's total holdings in CVR Partners stand at 162,457 common units. InvestingPro analysis indicates that the company offers a substantial 6.5% dividend yield and maintains a "GREAT" overall financial health score.
PBF Energy Inc. (NYSE:PBF):
Control Empresarial de Capitales S.A. de C.V., a major shareholder in PBF Energy Inc., acquired approximately $9.17 million worth of the company's Class A common shares. The purchase involved 341,500 shares bought at an average price of $26.8614 per share. This insider buying comes as the stock trades near its 52-week low of $25.43. After this transaction, Control Empresarial holds nearly 28.8 million shares of PBF Energy. The stock currently offers a 4.32% dividend yield, according to InvestingPro data.
Nuvve Holding Corp. (NVVE):
Ted C. Smith, President and COO of Nuvve Holding Corp., acquired 3,928 shares of the company's common stock on December 19, 2024. The purchase was executed at a price of $2.75 per share, totaling $10,802. This insider purchase comes as the stock trades near its 52-week low of $2.71, having declined over 94% year-to-date. Following this transaction, Smith's direct ownership of Nuvve's stock increased to approximately 5,700 shares.
Farmland Partners Inc . (NYSE:FPI):
John A. Good, a director at Farmland Partners Inc., acquired 15,000 shares of the company's common stock on December 19, 2024. The purchase was made at a weighted average price of $12.2344 per share, resulting in a total transaction value of $183,516. Following this transaction, Good now directly owns 101,465 shares of Farmland Partners. The company has maintained a strong dividend profile, having raised its dividend for three consecutive years.
Top Insider Sells:
Cloudflare, Inc. (NYSE:NET):
Matthew Prince, CEO and Chair of the Board at Cloudflare, Inc., executed a series of transactions involving the company's Class A common stock. Between December 18 and 20, Prince sold a total of 108,129 shares, with prices ranging from $107.81 to $117.07 per share. The total value of these sales amounted to approximately $17.5 million.
nCino, Inc. (NCNO):
Jeff Horing, a director at nCino, Inc., disposed of 4,474,158 shares of nCino common stock on December 18, 2024. The shares were sold at a weighted average price of approximately $35.751, with the sale totaling $159.96 million. Following this transaction, Horing retains ownership of 4,513,467 shares through various entities associated with Insight Partners.
Gulfport Energy (OTC:GPORQ) Corporation (GPOR):
Silver Point Capital, L.P. and associated entities reported selling 1,000,000 shares of Gulfport Energy Corporation's common stock on December 18, 2024. The shares were sold at a weighted average price of $135.6267 per share, resulting in a total transaction value of $135,626,700. This move is part of Silver Point's ongoing management of its investment portfolio.
Altice USA, Inc. (ATUS):
Patrick Drahi, a significant shareholder and director at Altice USA, Inc., sold 805,230 shares on December 19, 2024, generating approximately $19.7 million. The shares were sold at prices ranging from $23.3164 to $25.6836. Following these transactions, Drahi's direct ownership in Altice USA stands at 8,262,342 shares.
Salesforce, Inc. (NYSE:CRM):
G. Mason Morfit, a director at Salesforce, Inc., sold a substantial portion of the company's stock over three days. The transactions amounted to a total of $349,993,962. On December 18, Morfit sold 722,300 shares at an average price of $346.11 per share. The following day, an additional 278,147 shares were sold at $340.72 per share. The final transaction occurred on December 20, with 15,353 shares sold at $340.55 per share.
Investors should pay attention to insider trading activities as they can provide valuable insights into a company's prospects. While insider buying often signals confidence in the company's future, insider selling may have various motivations and doesn't necessarily indicate a negative outlook. It's essential to consider these transactions alongside other fundamental and technical analyses when making investment decisions.
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