This article summarizes the most significant insider buys and sells for US stocks reported on Thursday, November 14, 2024.
Top Insider Buys:
• QT Imaging Holdings, Inc. (NASDAQ:QTI): Avi (JO:) Katz, Chairman of QT Imaging Holdings, made substantial stock acquisitions. Through GigAcquisitions5, LLC, Katz purchased shares totaling $1,559,999 at $0.584 per share. Additionally, Katz personally acquired shares valued at $274,999 at the same price. These transactions demonstrate Katz’s continued investment in the company, which specializes in electromedical and electrotherapeutic apparatus.
• Biglari Holdings Inc. (NYSE:BH): Sardar Biglari, Chairman and CEO, made significant purchases of both Class A and Class B common stock through The Lion Fund, L.P., totaling approximately $5.77 million. The transactions occurred over three days, with Class A shares acquired at prices ranging from $897.76 to $1,032.57, and Class B shares purchased at prices between $181.34 and $210.13.
• RxSight, Inc. (NASDAQ:RXST): Director Jesse Anderson Corley acquired 22,476 shares in multiple transactions. The purchases were made at prices ranging from $44.5 to $45.3676 per share, totaling approximately $1,014,570. These acquisitions reflect Corley’s confidence in RxSight’s future prospects.
• Nerdy Inc. (NYSE:NRDY): Charles K. Cohn, Chief Executive Officer, purchased 8,583,206 shares of Class A Common Stock. The shares were acquired at prices between $0.89 and $1 per share, amounting to a total investment of approximately $7.48 million. The purchases were made through various trusts, including the Cohn Family Trust and the Cohn Family Investments Trust.
• OPKO Health, Inc. (NASDAQ:OPK): Phillip Frost, CEO and Chairman, bought 100,000 shares of common stock at a weighted average price of $1.6198, totaling approximately $161,980. The shares are held indirectly through Frost Gamma Investments Trust, where Dr. Frost serves as a trustee. Following this purchase, Dr. Frost’s indirect holdings in OPKO Health exceed 211 million shares.
Top Insider Sells:
• Evercore Inc. (NYSE:EVR): Edward S. Hyman, Vice Chair, sold shares of Class A common stock totaling approximately $10.19 million. The transactions occurred over three days, with shares sold at prices ranging from $300.08 to $308.32. After these sales, Hyman retains ownership of 1,776,766 shares.
• Procore Technologies Inc. (NYSE:NYSE:): William J.G. Griffith, a director and significant shareholder, executed stock sales totaling approximately $25 million. The transactions took place over two days, with shares sold at prices ranging from $71.0363 to $74.0069. Griffith holds his shares through various ICONIQ Strategic Partners entities and continues to maintain substantial holdings in the company.
• Alight, Inc. (NYSE:ALIT): Director William P. Foley II sold 5,000,000 shares of Class A Common Stock at prices ranging from $8.23 to $8.453 per share, amounting to a total transaction value of approximately $41.3 million. Following these transactions, Foley retains direct ownership of 883,323 shares and indirect ownership of 6,833,304 shares through various entities.
• Carlyle Group Inc. (NASDAQ:): Director Daniel A. D’Aniello sold 495,542 shares of common stock, totaling approximately $25.5 million. The shares were sold at prices ranging from $51.37 to $52.69 per share. Following these sales, D’Aniello’s direct ownership stands at 32,504,102 shares.
Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company’s internal perspective. While insider transactions alone should not be the sole basis for investment decisions, they can be an important factor to consider alongside other financial and market information when evaluating potential investment opportunities.
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