posted on 23 July 2016
by Asif Suria
Insider buying increased last week with insiders buying $29.17 million of stock compared to $6.38 million in the week prior. Selling also increased with insiders selling $757.96 million of stock last week compared to $578.34 million in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week decreased to 25.98. In other words, insiders sold almost 26 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 90.65. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Insider Sell Buy Ratio July 22, 2016
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Cheniere Energy, Inc. (LNG): $41.08
President and CEO Jack A. Fusco acquired 37,604 shares of this liquefied natural gas company, paying $39.89 per share for a total amount of $1.49 million. Mr. Fusco increased his stake by 14.00% to 306,180 shares with this purchase. 18,802 of these shares were purchased indirectly by Fusco Energy Investments, LLP.
You can view the list of recent insider transactions for Cheniere Energy, Inc. here.
2. Akamai Technologies, Inc. (AKAM): $57.89
Chief Executive Officer F Thomson Leighton acquired 17,456 shares of this content delivery and cloud infrastructure company, paying $57.28 per share for a total amount of $999,880. These shares were purchased indirectly through a trust.
You can view the list of recent insider transactions for Akamai Technologies, Inc. here.
3. Restoration Hardware Holdings, Inc. (RH): $30.42
Chairman & CEO Gary G. Friedman acquired 32,918 shares of this home furnishing company, paying $27.59 per share for a total amount of $908,208. Mr. Friedman increased his stake by 1.51% to 2,207,451 shares with this purchase.
You can view the list of recent insider transactions for Restoration Hardware Holdings, Inc. here.
4. Signet Jewelers Limited (SIG): $89.53
Shares of this specialty jewelry retailer (parent of Kay Jewelers, Jared The Galleria Of Jewelry, H.Samuel, and Ernest Jones) were acquired by 2 insiders:
You can view the list of recent insider transactions for Signet Jewelers Limited here.
5. Kingsway Financial Services Inc. (KFS): $5.3
Shares of this insurance company were acquired by 4 insiders:
You can view the list of recent insider transactions for Kingsway Financial Services Inc. here.
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. ServiceNow, Inc. (NOW): $72.67
Chief Product Officer Frederic B. Luddy sold 150,000 shares of this software-as-a-service provider for $71.20, generating $10.68 million from the sale. These shares were sold indirectly through a trust.
You can view the list of recent insider transactions for ServiceNow, Inc. here.
2. Apple Inc. (AAPL): $98.66
Senior Vice President Angela J. Ahrendts sold 35,797 shares of Apple for $100.00, generating $3.58 million from the sale.
You can view the list of recent insider transactions for Apple Inc. here.
3. Kansas City Southern (KSU): $97.84
Shares of this freight rail company were sold by 2 insiders:
You can view the list of recent insider transactions for Kansas City Southern here.
4. Workday, Inc. (WDAY): $79.97
Shares of this application software company were sold by 7 insiders:
You can view the list of recent insider transactions for Workday, Inc. here.
5. United Rentals, Inc. (URI): $78.22
Shares of this equipment rental company were sold by 3 insiders:
You can view the list of recent insider transactions for United Rentals, Inc. here.
You can view the full list of sales from this Insider Sales page.
Disclaimer Clients of Signal Partners, LLC and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.
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