InsiderEdge™ – Top Sales and Top Purchases – May 14, 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.

10% Owner at Cardlytics, Inc. ($CDLX)

The 10% Owner purchased 328,746 shares at $8.75/share ($2.88M total) which increased their vested holdings by 1.1%. The current price is $9.12 (+4.3%). Their median purchase size is $2.49M and this is their 27th largest purchase out of 62 all time. (SEC Source)

Historic Returns
1m returns: 12% weighted | 15% median | 77% win rate (34/44)
3m returns: 43% weighted | 54% median | 83% win rate (35/42)
6m returns: 40% weighted | 32% median | 71% win rate (30/42)
1y returns: 72% weighted | 107% median | 82% win rate (32/39)

Director at Proficient Auto Logistics, Inc ($PAL)

The Director purchased 10,000 shares at $15.00/share ($150K total) which increased their vested holdings by 200.0%. The current price is $15.03 (+0.2%). Their median purchase size is $96,576.20 and this is their 1st largest purchase out of 4 all time. (SEC Source)

Historic Returns
1m returns: -26% weighted | -26% median | 0% win rate (0/3)
3m returns: 30% weighted | 55% median | 67% win rate (2/3)
6m returns: 79% weighted | 144% median | 67% win rate (2/3)
1y returns: 231% weighted | 281% median | 100% win rate (2/2)

Note: 2 other insiders also purchased the stock


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.

10% Owner at EMCORE CORP ($EMKR)

The 10% Owner sold 1,255,260 shares at $1.12/share ($1.41M total) which decreased their vested holdings by 100.0%. The current price is $1.00 (-10.9%). Their median sale size is $1.84M and this is their 3rd largest sale out of 3 all time. (SEC Source)

Historic Returns
1m returns: -41% weighted | -39% median | 0% win rate (0/2)
3m returns: -31% weighted | -28% median | 0% win rate (0/2)
6m returns: -57% weighted | -56% median | 0% win rate (0/2)
1y returns: -75% weighted | -74% median | 0% win rate (0/2)  

Chief Legal Officer at ThredUp Inc. ($TDUP)

The Chief Legal Officer sold 10,000 shares at $2.00/share ($20,000.00 total) which decreased their vested holdings by 4.5%. The current price is $2.06 (+3.0%). Their median sale size is $23,745.60 and this is their 5th largest sale out of 7 all time. (SEC Source)

Historic Returns
1m returns: -2% weighted | -13% median | 33% win rate (2/6)
3m returns: -34% weighted | -40% median | 0% win rate (0/5)
6m returns: -61% weighted | -63% median | 0% win rate (0/5)
1y returns: -83% weighted | -87% median | 20% win rate (1/5)

10% Owner at Direct Selling Acquisition Corp. ($DSAQ)

The 10% Owner sold 477,600 shares at $10.53/share ($5.03M total) which decreased their vested holdings by 50.0%. The current price is $11.25 (+6.8%). Their median sale size is $5.03M and this is their 13th largest sale out of 25 all time. (SEC Source)

Historic Returns
1m returns: 5% weighted | -8% median | 38% win rate (9/24)
3m returns: -19% weighted | -49% median | 12% win rate (3/24)
6m returns: -62% weighted | -82% median | 4% win rate (1/24)
1y returns: -90% weighted | -92% median | 0% win rate (0/8) 

EVP, General Counsel & Sec. at Cricut, Inc. ($CRCT)

The EVP, General Counsel & Sec. sold 25,000 shares at $7.05/share ($176K total) which decreased their vested holdings by 4.2%. The current price is $7.17 (+1.8%). Their median sale size is $139K and this is their 4th largest sale out of 10 all time. (SEC Source)

Historic Returns
1m returns: -1% weighted | -2% median | 33% win rate (3/9)
3m returns: -18% weighted | -14% median | 44% win rate (4/9)
6m returns: -44% weighted | -14% median | 12% win rate (1/8)
1y returns: -63% weighted | -40% median | 17% win rate (1/6)


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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