Tuesday’s Top Insider Trades: Notable Buys and Sells in US Stocks

This article summarizes the most significant insider buying and selling activities reported for US stocks on Tuesday, October 1, 2024.

Top Insider Buys:

Ibotta, Inc. (NASDAQ:IBTA): D. E. Shaw & Co, a significant shareholder and ten percent owner of Ibotta, Inc., has made substantial purchases of the company’s stock. The investment firm acquired shares valued at over $826,000, with transaction prices ranging from $59.43 to $63.45. These purchases were executed in a series of buys on different dates, indicating a consistent market presence and a bullish stance on the advertising services company based in Denver, Colorado.

TKO Group Holdings, Inc. (NYSE:TKO): Entities associated with Silver Lake, a global leader in technology investing, have made a significant purchase of TKO Group Holdings’ Class A Common Stock. Silver Lake West HoldCo, L.P., Silver Lake West HoldCo II, L.P., and Silver Lake West VoteCo, L.L.C. collectively acquired 1,642,970 shares at $89.01 per share, totaling approximately $146.2 million. This investment was made indirectly through WME IMG, LLC, demonstrating Silver Lake’s strategic positioning in the market.

Wave Life Sciences Ltd . (NASDAQ:): GSK plc, a major pharmaceutical company, has increased its stake in Wave Life Sciences Ltd. The company purchased 2,791,930 ordinary shares at $8.00 per share, amounting to a total investment of $22.3 million. This transaction, carried out on September 27, 2024, and filed on October 1, further solidifies GSK’s position as a significant shareholder in the biotechnology firm.

Green Dot Corp (NYSE:NYSE:): Topline Capital Management, LLC and Topline Capital Partners, LP have made substantial purchases of Green Dot Corp stock. Over two consecutive days, Topline Capital acquired a total of $2.38 million worth of shares. The transactions involved buying 36,671 shares at $12.49 each on September 23, followed by an additional 162,243 shares at $11.87 per share the next day. These purchases have significantly expanded Topline’s holdings in the financial services company.

Top Insider Sells:

W.W. Grainger, Inc. (NYSE:GWW): Chairman and CEO Donald Macpherson sold shares totaling over $13 million, with individual transactions ranging from $1032.23 to $1043.84 per share. The sales were conducted on September 30, 2024, under a Rule 10b5-1 trading plan adopted on June 17, 2024.

Palantir Technologies Inc . (NYSE:NYSE:): Director Peter Thiel sold shares worth over $457 million, with prices ranging from $36.5425 to $37.2663 per share. The transactions occurred over several days, from September 27 to October 1, 2024, under a preexisting Rule 10b5-1 trading plan.

Blackline, Inc. (NASDAQ:BL): Chief Financial Officer Mark Partin sold shares amounting to over $4.6 million on September 30, 2024. The sales were made at prices ranging from $54.20 to $55.78 per share, involving three separate blocks of shares.

Carvana Co. (NYSE:NYSE:): Major shareholder Ernest C. Garcia II sold stock worth over $34 million on September 27 and September 30, 2024. The transactions involved Class A Common Stock sold at varying prices under a Rule 10b5-1 trading plan.

Camping World Holdings, Inc. (NYSE:NYSE:): Abrams Capital Management, L.P., along with related entities and managing member David C. Abrams, sold 2,000,000 shares at $23.90 per share, totaling approximately $47.8 million. The sale took place on September 27, 2024, reducing the group’s holdings to 3,108,808 shares.

Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company’s prospects. While insider trades alone should not be the sole basis for investment decisions, they can offer additional context when combined with other financial analyses and market research. It’s important to remember that insiders may have various reasons for their transactions, and not all insider activity necessarily reflects the company’s future performance.

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