Top Insider Trades: Google, Mastercard Appear on Today's Sales List

By Jonathan Moreland  DEC 12, 2012 11:23 AM

Plus: Insiders made purchases in pharma and circuits.

 


In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of your fellow professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, December 11, 2012 as ranked by dollar value.

Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

Mark Wan, a director of AcelRx Pharmaceuticals (NASDAQ: ACRX) and a founding general partner of Three Arch partners, bought $7,999,999 of company stock, according to SEC documents. William C. Martin, a beneficial owner of integrated circuit developer Vitesse Semi (NASDAQ:VTSS), bought $5,250,000 in stock. Additionally, Martin's Raging Capital Management, which he founded in 2006, filed on December 9 to reveal a 12.7% passive stake in Vitesse Semi.

On the selling side of things, which saw much more volume, Google (NASDAQ:GOOG) CEO Larry Page sold $19,377,674 of stock. The biggest sale by dollar valuation was that of SG 1890, an Arkansas manager-managed LLC, which sold $57,900,500 of Texas electronics and appliance chain Conn's (NASDAQ:CONN), for which SG 1890 is a beneficial owner. On December 7, Conn's announced a public offering of 5,500,000 shares of common stock to the public for $26.75 per share and today they announced the closing of the offering. Dr. Min H. Kao, CEO of GPS company Garmin (NASDAQ:GRMN), sold $44,752,772 of company stock.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing. 


Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes


Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Editor's note: Jonathan Moreland is the founder of Insider Insights and author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.