February Recap: Insider Trades for the Month
Overview
February has come and gone, and it's time to take a look at the latest insider trading activity. Insider trading occurs when individuals within a company, such as executives or directors, buy or sell their own company's stock. This information is reported to the Securities and Exchange Commission (SEC) using Form 4, which provides details on the trades made by insiders.
According to data reported to the SEC using Form 4, a total of 4,502 trades were reported in February. Out of these trades, 3,686 were sales and 816 were purchases. It's worth noting that the number of sales was much higher than the number of purchases, which suggests that insiders may have been taking profits after a period of strong market gains.
Top 10 purchases
The top 10 purchased stocks reported by insiders by the number of trades were RCG, JUVF, TPL, ISBA, MAIA, RXRX, ED, VERA, MMLP, and RBOT. RCG had the most trades, with 19 in total. When considering the total number of shares combined within all trades, the top 10 purchased stocks were WGS, PNPL, UTRS, GLG, MLFB, SMGI, PRPL, EXPR, VYGR, and VERA. WGS had the most shares traded, with a total of 128,571,427.
When considering the total amount in US dollars combined within all trades, the top 10 purchased stocks reported by insiders were CTM, WGS, MLYS, VYGR, GTLB, PI, VERA, PRPL, EXPR, and ET. CTM had the highest total amount in US dollars, with $1,125,000,000.
Top 10 sales
In terms of sales, the top 10 sold stocks reported by insiders by the number of trades were XM, TEAM, BLZE, POWI, DNA, ITRI, PTC, NBIX, INTA, and VRTX. XM had the most trades, with 59 in total. When considering the total number of shares combined within all trades, the top 10 sold stocks were AMC/APE, MULN, DT, TELL, BZFD, AZEK, LKQ, DNA, XPOF, and LLAP. AMC/APE had the most shares traded, with a total of 30,451,310.
Finally, when considering the total amount in US dollars combined within all trades, the top 10 sold stocks reported by insiders were WMT, DT, LKQ, SNX, MA, TDG, AZEK, HSY, VEEV, and ABNB. WMT had the highest total amount in US dollars, with $743,039,898.
Conclusion
Overall, insider trading activity in February suggests that insiders were more inclined towards selling than buying, which could indicate a degree of caution about the future direction of the market. However, the top purchased and sold stocks by insiders were different, which could suggest that insiders have varying views on individual stocks and sectors. Investors should always conduct their own due diligence before making any investment decisions, and insider trading activity can be one of the many indicators to consider.