6 biggest insider trades: Asana CEO to buy 30 million shares | Pro Recap
2023.03.12 11:20
© Reuters.
By Davit Kirakosyan
Investing.com — Here are the 6 biggest insider trades from the past week you may have missed on InvestingPro. Start your free 7-day trial to get this news first.
Asana CEO plans to buy 30 million shares
Asana (NYSE:) shares jumped more than 18% on Thursday after its and the CEO announced he plans to buy more shares of the company.
CEO Dustin Moskovitz, who purchased 19M shares of Asana stock in September 2022, announced an additional 30M share trading agreement, further demonstrating his faith in the company and removing any doubt surrounding Asana’s liquidity.
SoFi Technologies CEO buys $1M shares
SoFi Technologies (NASDAQ:) CEO, Anthony Noto, bought 180,000 shares, or nearly $1M worth, at approximately $5.53. The purchase brought his stake to 5,984,110 shares.
However, shares plunged more than 8% on Friday, likely related to contagion issues related to SVB, with the volume being heavier than normal.
Keurig Dr Pepper CFO buys $1.7M shares
Keurig Dr Pepper (NASDAQ:) CFO, Sudhanshu Shekhar Priyadarshi, bought 50,000 shares, or around $1.7M worth, at $34.3-$34.47.
At the end of February, Priyadarshi bought a separate 20,000 shares worth $711,800.
The company will report its Q1/23 earnings on April 27.
3 more insider buys
- Figs (NYSE:) CEO, Catherine Eva Spear, bought 790,000 shares, or nearly $5M worth, at $6.0616-$6.3159.
Shares fell nearly 12% this week.
- Tetra Technologies (NYSE:) saw several insider buys this week, including from the CEO and CFO.
CEO Brady Murphy, bought 30,000 shares, or around $100,000 worth, at $3.41. CFO Elijio Serrano, bought 30,000 shares, or around $100,000 worth, at $3.45.
SVP – Supply Chain & Chemicals, Timothy Moeller, bought 7,250 shares, or around $25,000 worth, at $3.44. EVP Matthew Sanderson, bought 7,500 shares, or around $25,000 worth, at $3.40.
Shares closed around 10% lower this week.
- Opko Health (NASDAQ:) CEO/Chairman, Phillip Frost, bought 1M shares, or around $1.17M worth, at $1.12-$1.29.
