Posted on Tuesday, August 11th, 2020 by MarketBeat StaffAn insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.
For example, if Microsoft's CEO, CFO and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively effect Microsoft's stock price in the near future.
This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days.
#1 - DexCom (NASDAQ:DXCM)
Dollar Amount of Shares Sold: $50,431,164.00
Number of Insider Stock Sales in the Last 180 Days: 40
Volume of Shares Sold: 160,352
Who Sold Shares: Andrew K Balo (Insider), Barbara Kahn (Director), Donald Abbey (EVP), Heather S Ace (SVP), Jacob Steven Leach (EVP), Jeffrey Moy (EVP), Jereme M Sylvain (CAO), Kevin R Sayer (CEO), Nicholas Augustinos (Director), Patrick Michael Murphy (EVP), Patrick Michael Murphy (Insider), Quentin S Blackford (CFO), Richard Alexander Collins (Director), Richard Doubleday (EVP), Shelly Ramasamy Selvaraj (SVP), Steven R Altman (Director) and Steven Robert Pacelli (EVP)
DexCom, Inc, a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally. The company offers its systems for ambulatory use by people with diabetes; and for use by healthcare providers. Its products include DexCom G6, a CGM system for diabetes management; DexCom G5 mobile CGM system to communicate directly to patient's mobile device; DexCom G4 PLATINUM system for continuous use by adults with diabetes; and DexCom Share, a remote monitoring system.
Read More #2 - Best Buy (NYSE:BBY)
Dollar Amount of Shares Sold: $94,000,350.97
Number of Insider Stock Sales in the Last 180 Days: 42
Volume of Shares Sold: 1,145,299
Who Sold Shares: Allison Peterson (Insider), Brian A Tilzer (Insider), Corie S Barry (CEO), Hubert Joly (Director), Kathleen Scarlett (Insider), Mathew Watson (CAO), Matthew M Bilunas (CFO), Rajendra M Mohan (COO), Richard M Schulze (Major Shareholder), Todd G Hartman (Insider) and Whitney L Alexander (Insider)
Best Buy Co, Inc operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates in two segments, Domestic and International. Its stores provide Computing and Mobile Phones, such as computing and peripherals, e-readers, networking products, tablets, and wearables, as well as mobile phones comprising related mobile network carrier commissions; consumer electronics, including digital imaging, health and fitness, home theater, portable audio, and smart home products; and entertainment products consisting of drones, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products.
Read More #3 - Datadog (NASDAQ:DDOG)
Dollar Amount of Shares Sold: $311,923,832.09
Number of Insider Stock Sales in the Last 180 Days: 61
Volume of Shares Sold: 4,659,272
Who Sold Shares: (Jersey) Slp Yucca (Major Shareholder), Alexis Le-Quoc (Insider), Amit Agarwal (Insider), Dan Fougere (CRO), David M Obstler (CFO), Dev Ittycheria (Director), Julie Richardson (Director), Laszlo Kopits (General Counsel), Madre Armelle De (Insider), Michael James Callahan (Director), Olivier Pomel (CEO), Shardul Shah (Director) and Ventures Vi (Jersey) Lp Index (Major Shareholder)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
Read More #4 - Q2 (NYSE:QTWO)
Dollar Amount of Shares Sold: $95,185,888.43
Number of Insider Stock Sales in the Last 180 Days: 35
Volume of Shares Sold: 1,271,182
Who Sold Shares: Adam D Blue (CTO), Anthony Charles Hall (SVP), Barry G Benton (SVP), Bharath Oruganti (SVP), Charles T Doyle (Director), James Offerdahl (Director), Jeffrey T Diehl (Director), Jennifer Noel Harris (CFO), John E Breeden (EVP), Jonathan Price (SVP), Kim Rutledge (SVP), Matthew P Flake (CEO), R H Seale (Director) and William M Furrer (CMO)
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
Read More #5 - Regeneron Pharmaceuticals (NASDAQ:REGN)
Dollar Amount of Shares Sold: $141,657,914.26
Number of Insider Stock Sales in the Last 180 Days: 41
Volume of Shares Sold: 249,003
Who Sold Shares: Andrew J Murphy (EVP), Arthur F Ryan (Director), Bonnie L Bassler (Director), Christopher R Fenimore (VP), George L Sing (Director), Huda Y Zoghbi (Director), Joseph J Larosa (EVP), Joseph L Goldstein (Director), Leonard S Schleifer (CEO), Michael S Brown (Director), Neil Stahl (EVP), P Roy Vagelos (Chairman) and Robert E Landry (CFO)
Regeneron Pharmaceuticals, Inc, a biopharmaceutical company, discovers, invents, develops, manufactures, and commercializes medicines for treating various medical conditions worldwide. The company's products include EYLEA injection to treat wet age-related macular degeneration and diabetic macular edema (DME); myopic choroidal neovascularization; and diabetic retinopathy in patients with DME, as well as macular edema following retinal vein occlusion, including macular edema following central retinal vein occlusion and macular edema following branch retinal vein occlusion.
Read More #6 - Sturm Ruger & Company Inc (NYSE:RGR)
Dollar Amount of Shares Sold: $5,648,773.92
Number of Insider Stock Sales in the Last 180 Days: 22
Volume of Shares Sold: 87,199
Who Sold Shares: Amir Rosenthal (Director), Christopher John Killoy (CEO), John A Cosentino Jr (Director), Kevin B Sr Reid Sr (VP), Michael O Fifer (Director), Michael W Wilson (VP), Phillip Widman (Director), Randall Wheeler (VP), Sarah F Colbert (VP), Shawn Christopher Leska (VP), Terrence Gregory Oconnor (Director), Thomas Anthony Dineen (CFO) and Timothy Lowney (VP)
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.
Read More #7 - SBA Communications (NASDAQ:SBAC)
Dollar Amount of Shares Sold: $123,487,087.15
Number of Insider Stock Sales in the Last 180 Days: 23
Volume of Shares Sold: 410,387
Who Sold Shares: Brendan Thomas Cavanagh (CFO), Brian C Carr (Director), Brian D Lazarus (CAO), Duncan Cocroft (Director), George R Krouse Jr (Director), Jeffrey Stoops (CEO), Kevin L Beebe (Director), Kurt L Bagwell (EVP), Mark R Ciarfella (EVP), Mary S Chan (Director), Steven E Bernstein (Chairman) and Thomas P Hunt (VP)
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By Building Better Wireless, SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
#8 - Seattle Genetics (NASDAQ:SGEN)
Dollar Amount of Shares Sold: $126,301,825.36
Number of Insider Stock Sales in the Last 180 Days: 23
Volume of Shares Sold: 806,335
Who Sold Shares: Bros Advisors Lp Baker (Director), Charles R Romp (EVP), Clay B Siegall (CEO), Daniel G Welch (Director), Jean I Liu (EVP), Marc E Lippman (Director), Roger D Dansey (Insider), Todd E Simpson (CFO) and Vaughn B Himes (Insider)
Seattle Genetics, Inc, a biotechnology company, develops and commercializes therapies for the treatment of cancer in the United States and internationally. The company markets ADCETRIS, an antibody-drug conjugate (ADC) for the treatment of patients with Hodgkin lymphoma or CD30-positive T-cell lymphomas.
Read More #9 - Semtech (NASDAQ:SMTC)
Dollar Amount of Shares Sold: $6,056,956.61
Number of Insider Stock Sales in the Last 180 Days: 18
Volume of Shares Sold: 118,495
Who Sold Shares: Alisair Fulton (VP), Asaf Silberstein (EVP), Carmelo J Santoro (Director), Charles B Ammann (EVP), Christopher H Chang (SVP), Emeka Chukwu (CFO), James T Lindstrom (Director), John Michael Wilson (EVP), Mark C Costello (VP), Michael W Rodensky (VP), Mohan Maheswaran (CEO), Rockell N Hankin (Director) and Sylvia Summers (Director)
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.
Read More #10 - Teladoc Health (NYSE:TDOC)
Dollar Amount of Shares Sold: $72,280,869.73
Number of Insider Stock Sales in the Last 180 Days: 37
Volume of Shares Sold: 388,969
Who Sold Shares: Adam C Vandervoort (Insider), Andrew Turitz (SVP), David L Shedlarz (Director), David William Sides (COO), Gabriel R Cappucci (CAO), Jason N Gorevic (CEO), Kenneth H Paulus (Director), Lewis Levy (Insider), Mala Murthy (CFO), Michael Goldstein (Director), Michelle Bucaria (Insider), Stephany Verstraete (CMO) and William H Frist (Director)
Teladoc Health, Inc provides telehealth services. It offers a portfolio of services and solutions covering 450 medical subspecialties, such as flu and upper respiratory infections, cancer, and congestive heart failure. The company provides its services through mobile devices, the Internet, video, and phone.
Read More #11 - Zillow Group (NASDAQ:Z)
Dollar Amount of Shares Sold: $115,907,268.78
Number of Insider Stock Sales in the Last 180 Days: 30
Volume of Shares Sold: 1,750,438
Who Sold Shares: Aimee Johnson (CMO), Allen Parker (CFO), Arik Prawer (Insider), Bradley D Owens (General Counsel), David A Beitel (CTO), Erik C Blachford (Director), Errol G Samuelson (Insider), Gregory B Maffei (Director), Jennifer Rock (CAO), Jeremy Wacksman (Insider), Lloyd D Frink (Chairman), Richard N Barton (CEO) and Spencer M Rascoff (Director)
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
Read More #12 - Crowdstrike (NASDAQ:CRWD)
Dollar Amount of Shares Sold: $1,557,270,249.82
Number of Insider Stock Sales in the Last 180 Days: 61
Volume of Shares Sold: 19,846,512
Who Sold Shares: Burt W Podbere (CFO), Colin Black (COO), Denis Oleary (Director), George Kurtz (CEO), Gerhard Watzinger (Director), Joseph E Sexton (Director), Joseph P Landy (Director), Michael J Carpenter (insider), Pincus Private Equity Warburg (Director), Roxanne S Austin (Director) and Shawn Henry (Insider)
#13 - EverBank Financial (NYSE:EVER)
Dollar Amount of Shares Sold: $74,867,320.24
Number of Insider Stock Sales in the Last 180 Days: 76
Volume of Shares Sold: 1,343,373
Who Sold Shares: Darryl Auguste (Insider), David B Blundin (Director), David W Mason (General Counsel), Elyse Neumeier (insider), Eugene Suzuki (Insider), Jayme Mendal (COO), John Brandon Wagner (CFO), Link Ventures Investment Vehic (Major Shareholder), Mira Wilczek (Director), Sanju K Bansal (Director), Seth Birnbaum (CEO), Tomas Revesz Jr (CTO) and Ventures Lllp Link (Major Shareholder)
EverQuote, Inc operates an online marketplace for insurance shopping in the United States. Its online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. The company serves carriers, agents, and indirect distributors and aggregators. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.
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The Next 5 Retailers on the Edge of Bankruptcy
Through no fault of theirs, the novel coronavirus has put some retailers on the edge of bankruptcy. And as you’ve seen, many have fallen over that edge including iconic names like Nieman Marcus, J.C. Penney and J.Crew.
In fact, according to the American Bankruptcy Institute, there were 560 commercial Chapter 11 filings in April. That was a 26% increase over last year. And executive director, Amy Quakenboss, suggests that there are more to come.
“As financial challenges continue to escalate amid this crisis,” observes Quakenboss, “bankruptcy is sure to offer a financial safe harbor from the economic storm.”
With no revenue walking through the door, many retailers are seeing a semblance of revenue from e-commerce sales. But for some retailers, the shutdown is more impactful because they didn’t have a strong e-commerce structure. That means that they rely more than others on brick-and-mortar sales.
The real question now is will there really be the pent-up demand that some analysts still swear is just waiting to be unleashed. It may indeed exist. Time will tell. But time is not a commodity many of these retailers have. And we’ve identified five retailers for which the clock is not in their favor.
View the "The Next 5 Retailers on the Edge of Bankruptcy" Here.
