Tuesday’s Insider Activity: Top Buys and Sells in US Stocks Revealed

This article summarizes the most significant insider buying and selling activities in US stocks reported on Tuesday, December 10, 2024.

Top Insider Buys:

Senseonics Holdings, Inc. (AMEX:NYSE:): Timothy T. Goodnow, President and CEO of Senseonics Holdings, Inc., purchased 315,000 shares of the company’s common stock on December 10. The transaction was executed at a weighted average price of $0.31 per share, totaling an investment of $97,650. This purchase represents approximately 0.17% of the company’s $184.55M market capitalization. Following this acquisition, Goodnow’s direct ownership increased to 11,310,355 shares. Despite the stock’s 46% year-to-date decline, the company maintains a strong short-term liquidity position with a current ratio of 2.47.

Avadel Pharmaceuticals PLC (NASDAQ:): Geoffrey Michael Glass, a director at Avadel Pharmaceuticals, acquired 20,279 ordinary shares on December 10. The shares were purchased at prices ranging from $9.80 to $9.89 per share, amounting to a total transaction value of approximately $199,640. This purchase comes as the stock trades near its 52-week low, having declined about 41% year-to-date. The company currently maintains impressive gross profit margins of 92%. Following these acquisitions, Glass holds 75,904 shares indirectly through trusts and 11,000 shares directly.

Myers Industries Inc . (NYSE:NYSE:): Basque Dave, the Interim President and CEO of Myers Industries, purchased a total of 15,000 shares over three separate transactions in early December. The shares were bought at prices ranging from $11.33 to $12.41, totaling an investment of approximately $179,350. Following these transactions, Dave now holds 39,152 shares directly. The company, with a market cap of $450 million, has maintained dividend payments for 53 consecutive years and remains profitable.

Nerdy Inc. (NYSE:NRDY): Charles K. Cohn, the Chief Executive Officer of Nerdy Inc., acquired 168,361 shares of the company’s Class A Common Stock on December 6. The purchase was made at a weighted average price of $1.58 per share, totaling $266,010. Following this transaction, Cohn holds 13,194,231 shares indirectly through Rarefied Air Capital LLC, in addition to other holdings through various family trusts. The stock has shown strong momentum, gaining 14% in the past week.

Top Insider Sells:

SoundHound AI , Inc. (NASDAQ:): Keyvan Mohajer, CEO of SoundHound AI, sold a total of 833,435 shares of Class A Common Stock on December 6 and 9, amounting to approximately $12.5 million. The shares were sold at prices ranging from $15.0009 to $15.0412 per share. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan. The stock has shown remarkable performance, with a 571% year-to-date return.

BeiGene , Ltd. (NASDAQ:): Reporting owners, including Baker Bros. Advisors LP, 667, L.P., and Baker Brothers Life Sciences LP, executed significant sales of BeiGene shares. These entities are prominent stakeholders and directors of BeiGene, which has achieved remarkable revenue growth of 50.22% over the last twelve months and boasts impressive gross profit margins of 83.67%.

Ares Management Corp (NYSE:NYSE:): Kipp deVeer, Head of the Credit Group at Ares Management, sold approximately $53.1 million worth of the company’s Class A common stock over several days in early December. These sales were conducted under a pre-established 10b5-1 trading plan and come as Ares trades near its 52-week high, having delivered impressive returns of over 51% year-to-date.

Confluent, Inc. (NASDAQ:CFLT): Matthew Craig Miller, a director at Confluent, executed a series of stock transactions resulting in the sale of company shares valued at approximately $17 million. The transactions occurred over several days in December 2024, with the stock showing strong momentum and a 38% return over the past year.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial metrics and market analysis. It’s important to consider the overall financial health of the company, market conditions, and other relevant factors when interpreting insider trading patterns.

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