InsiderEdge™ – Top Sales and Top Purchases – March 01, 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.

Chief Executive Officer at Stagwell Inc ($STGW)

The Chief Executive Officer purchased 10,000 shares at $5.28/share ($52,759.00 total) which increased their vested holdings by 0.4%. The current price is $5.34 (+1.2%). Their median purchase size is $54,750.00 and this is their 5th largest purchase out of 7 all time. (SEC Source)

Historic Returns
1m returns: 13% weighted | 21% median | 60% win rate (3/5)
3m returns: 33% weighted | 23% median | 60% win rate (3/5)
6m returns: 37% weighted | 33% median | 100% win rate (5/5)
1y returns: 105% weighted | 136% median | 100% win rate (5/5)

Director at Western Midstream Partners, LP ($WES)

The Director purchased 800 shares at $34.24/share ($27,392.48 total) which increased their vested holdings by 2.3%. The current price is $33.45 (-2.3%). Their median purchase size is $26,554.40 and this is their 10th largest purchase out of 20 all time. (SEC Source)

Historic Returns
1m returns: 2% weighted | 3% median | 63% win rate (12/19)
3m returns: 0% weighted | 1% median | 58% win rate (11/19)
6m returns: 52% weighted | 9% median | 74% win rate (14/19)
1y returns: 108% weighted | 15% median | 68% win rate (13/19)


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.

EVP, Finance at Axos Financial, Inc. ($AX)

The EVP, Finance sold 2,500 shares at $52.89/share ($132K total) which decreased their vested holdings by 0.5%. The current price is $52.12 (-1.5%). Their median sale size is $325K and this is their 13th largest sale out of 13 all time. (SEC Source)

Historic Returns
1m returns: -8% weighted | -7% median | 18% win rate (2/11)
3m returns: -12% weighted | -10% median | 40% win rate (4/10)
6m returns: -38% weighted | -5% median | 22% win rate (2/9)
1y returns: -38% weighted | -14% median | 29% win rate (2/7)

Director at Spok Holdings, Inc ($SPOK)

The Director sold 66,911 shares at $17.73/share ($1.19M total) which decreased their vested holdings by 3.8%. The current price is $17.97 (+1.3%). Their median sale size is $1.04M and this is their 1st largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: -11% weighted | -11% median | 0% win rate (0/2)
3m returns: -14% weighted | -13% median | 0% win rate (0/2)
6m returns: -25% weighted | -25% median | 0% win rate (0/1)
1y returns: -35% weighted | -35% median | 0% win rate (0/1)

Chairman and CEO at COVENANT LOGISTICS GROUP, INC. ($CVLG)

The Chairman and CEO sold 22,000 shares at $51.08/share ($1.12M total) which decreased their vested holdings by 0.5%. The current price is $48.68 (-4.7%). Their median sale size is $1.67M and this is their 10th largest sale out of 15 all time. (SEC Source)

Historic Returns
1m returns: -4% weighted | -5% median | 33% win rate (4/12)
3m returns: -3% weighted | -3% median | 17% win rate (2/12)
6m returns: -11% weighted | -4% median | 33% win rate (4/12)
1y returns: -32% weighted | -31% median | 0% win rate (0/12)


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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