This article summarizes the most significant insider buys and sells reported on Wednesday, November 20, 2024, for US stocks.
Top Insider Buys:
Kelly Services Inc. (NASDAQ:): Daniel H. Malan, Senior Vice President at Kelly Services Inc., acquired 3,500 shares of the company's Class A common stock at an average price of $13.88 per share, totaling $48,584. This purchase increased Malan's direct holdings to 95,906 shares, demonstrating continued confidence in the company despite recent mixed Q3 earnings results. Kelly Services reported a decrease in total revenue for the third quarter of 2024, primarily due to the sale of its European staffing business, but showed growth in its Education and Professional & Industrial segments.
ThredUp Inc. (NASDAQ:): Daniel J. Nova, a director at ThredUp Inc., purchased 30,000 shares of the company's Class A common stock at $1.205 per share, amounting to a total investment of $36,150. Following this acquisition, Nova's holdings include 154,142 shares held indirectly through trusts and 188,173 shares owned directly. This open market transaction was conducted in compliance with ThredUp's trading policies.
Global Partners LP (NYSE:NYSE:): Global GP LLC, the general partner of Global Partners LP, acquired a total of 10,000 common units over two consecutive days. On November 19, 5,000 units were purchased at a weighted average price of $51.81, and on November 20, another 5,000 units were bought at a weighted average price of $50.90. The total value of these transactions was approximately $513,550, indicating a strong vote of confidence in the company's future prospects.
Nerdy Inc. (NYSE:NRDY): Charles K. Cohn, CEO of Nerdy Inc., acquired 796,096 shares of the company's Class A Common Stock at a weighted average price of $0.98 per share, totaling approximately $780,174. This substantial purchase was made through the Cohn Family Trust, bringing Cohn's indirect holdings to 21,976,049 shares. Additionally, Cohn holds shares through various other trusts and entities, demonstrating a significant personal investment in the company.
Eastern Co (NASDAQ:EML): Frederick D. DiSanto, a director at Eastern Co, increased his stake in the company by purchasing 1,655 shares over three separate transactions. The shares were acquired at prices ranging from $27.38 to $30.00 per share, totaling $46,387. Following these transactions, DiSanto now directly owns 66,483 shares and holds additional indirect interests through investment funds.
Top Insider Sells:
Palantir Technologies Inc . (NYSE:NYSE:): Alexander C. Karp, CEO of Palantir Technologies Inc., sold shares worth approximately $73.1 million over several days. The transactions involved the sale of Class A Common Stock at average prices ranging from $63.0011 to $64.4433 per share, indicating a significant reduction in Karp's holdings.
Robinhood Markets , Inc. (NASDAQ:): Jason Warnick, CFO of Robinhood Markets, Inc., sold 50,000 shares of Class A Common Stock at $35 per share, totaling $1.75 million. The sale was conducted under a Rule 10b5-1 trading plan, with Warnick retaining ownership of 962,032 shares after the transaction.
Honest Company , Inc. (NASDAQ:): Brendan Sheehey, General Counsel of Honest Company, Inc., sold 107,653 shares at prices ranging from $6.97 to $7.05 per share, amounting to a total sale value of $754,553. Sheehey also acquired 115,000 shares through stock options exercised at $5.66 per share, resulting in a net increase in his holdings.
Roblox Corp (NYSE:NYSE:): David Baszucki, President and CEO of Roblox Corp, sold shares of the company's Class A Common Stock, generating proceeds of approximately $12.25 million. The shares were sold at an average price range between $50.7051 and $51.2346 per share under a pre-established Rule 10b5-1 trading plan.
GitLab Inc. (NASDAQ:GTLB): Sytse Sijbrandij, CEO of GitLab Inc., sold 279,000 shares of the company's Class A common stock, generating approximately $16.87 million. The shares were sold at prices ranging from $59.11 to $60.53 per share, leaving Sijbrandij with no remaining direct holdings in the company's Class A common stock.
Investors should stay tuned to insider buys and sells as they can provide valuable insights into a company's internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analyses and market research. It's important to remember that insiders may have various reasons for buying or selling shares, and these transactions should be considered as part of a broader investment strategy.
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