TKO Group Holdings Inc (TKO US, +1, 16-Dec-24) Ariel Emanuel (Chair & CEO since 2024, joined 2023) purchased US$ 48.1 million worth of stock on December 13th at $ 142.64. The shares were acquired on behalf of WME IMG and Endeavor Operating Company (where he is also CEO), who own 53.6% of the company. This is the highest […]
Jackson Financial Inc (JXN US, +1, 13-Dec-24) Gregory Durant (Non-Executive since 2021) purchased $135,000 of stock on the 11th of December at $90.28, increasing his stake by 5%. This is his third purchase in the stock; he previously bought $87,000 of stock at $29.10 in June 2022 and $91,000 at $30.46 in May 2023, and it’s notable […]
Allegion Plc (ALLE US, +1, 05-Dec-24) John Stone (CEO since 2022) made another large purchase, spending $1 million on December 3rd at $140.70. This is his fifth purchase since taking over as CEO in 2022 and he has spent a total of $6.4m, initially at $104 in October 2022. The purchases, along with option awards of 75,000 shares […]
Valvoline Inc (VVV US, +1, 27-Nov-24) Charles Sonsteby (Director since 2016) purchased $395,000 worth of stock on November 25th at $39.50. This is just his third purchase, his largest and this highest price he has paid. He spent $154,000 on the Sept. 2016 IPO at $22, then added another $155,000 in November 2023 at $34. We ranked the […]
Estee Lauder Companies Inc (EL US, +1, 18-Nov-24) Paul Fribourg (Director since 2006) purchased 157,000 shares on November 14th at $63.98, spending $10 million. This is his first purchase despite being on the board for 8 years. The purchase is indirect for Continental Grain where Fribourg is Chair and CEO, and their first purchase in the shares. Akhil […]
WK Kellog Co (KLG US, +1, 15-Nov-24) Zachary Gund (Lead Director since 2023) purchased $3.45 million worth of stock on November 14th at $17.67, increasing his holding by 49% to 592,000 shares. It’s encouraging to see him buying now. This is a large confident purchase and his first since the company was spun out from Kellogg in 2023 (now […]
The US Sell/Buy ratio of Insiders trading in November 2024 is the highest level seen in the last decade. Whilst partly a function of strong market performance, this is nevertheless a bearish signal. Our analysts are also downgrading an unusually large number of stocks. This high Sell/Buy ratio is a result of both unusually high […]
Columbus Mckinnon Corp (CMCO US, +1, 05-Nov-24) David Wilson (Chief Executive Officer since 2020) purchased US$ 1 million worth of stock on November 1st at $32.02, increasing his holding by 24%. This is his first purchase despite a reasonable term with the company. It’s interesting to see him buying now in size. There is no requirement to buy stock to […]
Winnebago Industries Inc (WGO US, +1, 30-Oct-24) Michael Happe (CEO since 2016) purchased 2,500 shares on October 29th at $55.52, spending $139,000. This is his third purchase, increasing his holdings by 14% to 286,000 shares. His prior two purchases, $102,000 in March 2019 at $29 and $112,000 in April 2020 at $37, were well-timed. We ranked this stock […]
Schlumberger Ltd (SLB US, -1, 25-Oct-24) Abdellah Merad (EVP, Core Services & Equipment since 2019, joined 1997) sold 60,000 shares on October 24th at $41.90, reducing his holdings by -22% to 212,000 shares. This is his second sale this year, and follows a 50,000 share sale in February at $48.52. We ranked this stock -N on […]
Marvell Technology Inc (MRVL US, +N, 15-Oct-24) Matthew Murphy (Chair and CEO since 2023, CEO since 2016) purchased $1m of stock on the 14th October at $77.63. This is an odd purchase, his first since joining in 2016 and a reversal from a series of sales, most recently at $73.29 in September 2024 (under a trading plan dated […]
Has the threat of an imminent increase in UK capital gains tax impacted UK directors transactions in their own companies and which companies are seeing the most concerning director sales? We have seen a clear increase in the number of UK director sales (relative to director buys) since the UK election in July 2024, likely […]
Biohaven Ltd (BHVN US, +1, 03-Oct-24) On October 2nd, as part of a $287 million offering, John Childs (Director since 2022) and Vladimir Coric (Chair and CEO since 2022) each purchased $1 million worth of stock at $47.50. They own approximately 7% and 4%, respectively, of the company. On September 24th Gregory Bailey (Director since 2022) purchased $221,000 at $44.19. He last bought in […]
Southwest Airlines Co (LUV US, +1, 03-Oct-24) Rakesh Gangwal (Director since July 2024) purchased $107 million worth of stock from September 30th to October 1st at an average price of $29.64. While new to the board it is encouraging to see him make such a large investment. He has extensive experience in the industry, including being the co-founder of […]