InsiderEdge™ – Top Sales and Top Purchases – February 13, 2024

Top Purchases

The top purchases made by insiders yesterday. Remember, returns and win rates are calculated using the previous purchase trades by the insider.

President & CEO at Hillenbrand, Inc. ($HI)

The President & CEO purchased 5,600 shares at $44.94/share ($252K total) which increased their holdings by 4.4%. The current price is $46.99 (+4.6%). Their median purchase size is $125K and this is their 1st largest purchase out of 3 all time. (SEC Source)

Historic Returns
1m returns: 16% weighted | 33% median | 100% win rate (2/2)
3m returns: 39% weighted | 39% median | 100% win rate (1/1)
6m returns: 40% weighted | 40% median | 100% win rate (1/1)
1y returns: 38% weighted | 38% median | 100% win rate (1/1)

10% Owner at Sana Biotechnology, Inc. ($SANA)

The 10% Owner purchased 1,818,180 shares at $5.50/share ($10.00M total) which increased their holdings by 8.8%. The current price is $6.30 (+14.5%). Their median purchase size is $5.00M and this is their 2nd largest purchase out of 6 all time. (SEC Source)

Historic Returns
1m returns: 55% weighted | 40% median | 80% win rate (4/5)
3m returns: 40% weighted | 39% median | 80% win rate (4/5)
6m returns: 23% weighted | 12% median | 80% win rate (4/5)
1y returns: 8% weighted | 32% median | 60% win rate (3/5)

Note: 2 other insiders also bought the stock

Director at SHORE BANCSHARES INC ($SHBI)

The Director purchased 10,000 shares at $11.00/share ($110K total) which increased their holdings by 16.6%. The current price is $11.56 (+5.1%). Their median purchase size is $110K and this is their 1st largest purchase out of 5 all time. (SEC Source)

Historic Returns
1m returns: 4% weighted | 5% median | 75% win rate (3/4)
3m returns: 2% weighted | 3% median | 100% win rate (4/4)
6m returns: 7% weighted | 9% median | 100% win rate (4/4)
1y returns: 59% weighted | 103% median | 100% win rate (3/3)


Top Sales

The top sales made by insiders yesterday. Remember, returns and win rates are calculated using the previous sell trades by the insider. For sell transactions, “win rate” is the percent of profitable trades. If the “win rate” is low, that means the stock typically falls after the insider sells.

Executive VP & President, MRL at Merck & Co., Inc. ($MRK)

The Executive VP & President, MRL sold 14,702 shares at $125.50/share ($1.85M total) which decreased their holdings by 24.1%. The current price is $125.34 (-0.1%). Their median sale size is $391K and this is their 1st largest sale out of 4 all time. (SEC Source)

Historic Returns
1m returns: -20% weighted | -23% median | 0% win rate (0/3)
3m returns: -54% weighted | -55% median | 0% win rate (0/2)
6m returns: -68% weighted | -67% median | 0% win rate (0/2)
1y returns: -54% weighted | -55% median | 0% win rate (0/2) 

Note: Sold stock options that vested in 2021

Principal Accounting Officer at Moelis & Co ($MC)

The Principal Accounting Officer sold 1,040 shares at $53.59/share ($55,733.60 total) which decreased their holdings by 100.0%. The current price is $56.08 (+4.6%). Their median sale size is $68,030.50 and this is their 8th largest sale out of 10 all time. (SEC Source)

Historic Returns
1m returns: -35% weighted | -38% median | 0% win rate (0/9)
3m returns: -31% weighted | -29% median | 0% win rate (0/9)
6m returns: -34% weighted | -35% median | 22% win rate (2/9)
1y returns: -24% weighted | -14% median | 22% win rate (2/9)

10% Owner at Vacasa, Inc. ($VCSA)

The 10% Owner sold 27,300 shares at $9.14/share ($250K total) which decreased their holdings by 12.8%. The current price is $9.08 (-0.7%). Their median sale size is $120K and this is their 3rd largest sale out of 35 all time. (SEC Source)

Historic Returns
1m returns: -8% weighted | -8% median | 35% win rate (11/31)
3m returns: -36% weighted | -36% median | 5% win rate (1/22)
6m returns: -42% weighted | -43% median | 0% win rate (0/20)
1y returns: N/A% weighted | N/A% median | N/A% win rate (0/0)

Director at Allegiant Travel CO ($ALGT)

The Director sold 2,000 shares at $79.10/share ($158K total) which decreased their holdings by 19.1%. The current price is $79.18 (+0.1%). Their median sale size is $96,000.00 and this is their 3rd largest sale out of 17 all time. (SEC Source)

Historic Returns
1m returns: 
-10% weighted | -6% median | 19% win rate (3/16)
3m returns: 
-10% weighted | -7% median | 38% win rate (6/16)
6m returns: 
-11% weighted | -10% median | 25% win rate (4/16)
1y returns: 
-17% weighted | -20% median | 20% win rate (3/15)


Disclaimer: The content provided by InsiderEdge™ is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. The historical performance noted in this post is not is not indicative of future results. Investing involves risk, including the potential loss of principal. Use the platform at your own risk and consult a financial advisor before making any investment decisions. In partnership with Yellowbrick Investing Inc.

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