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Insider Trading: Akamai's Chairman Buys Company Stock; Sales at Yelp and Web.com

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Plus, purchases at VMware and American Superconductor; sales at Google and LinkedIn.

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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 Wednesday, February 13, 2013 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.

In insider purchases, the data storage products and services corporation EMC (NYSE:EMC) bought $4,988,761 worth of stock in VMware (NYSE:VMW). At American Superconductor (NASDAQ:AMSC), Kevin Douglas, a beneficiary owner, bought $2,342,853 worth of company stock. George Conrades, Chairman of the Board of Internet content delivery network Akamai (NASDAQ:AKAM), bought $1,003,921 worth of company stock. Joshua Levine, President and CEO of Accuray Incorporated (NASDAQ:ARAY), bought $437,890 worth of company stock. Accuray specializes in medical radiation systems for the treatment of tumors.

In insider sales, GA NWS Investor, a beneficiary owner of Web services provider Web.com (NASDAQ:WWWW), sold $40,997,068 worth of company stock. Larry Page, Co-Founder and CEO of Google (NASDAQ:GOOG), sold $32,619,293 worth of company stock. Private equity firm Elevation Partners, a beneficiary owner of online urban city guide company Yelp (NYSE:YELP), sold $7,575,032 worth of company stock. At professional social network LinkedIn (NYSE:LNKD), Senior Vice President of Engineering James Scott sold $2,512,866 worth 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.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$4,988,761
2
BO
B
$2,342,853
3
DIR
B
$1,003,921
4
BO
B
$652,682
5
CEO,DIR
B
$501,305
6
PR,CEO
B
$437,890
7
DIR
B
$393,900
8
DIR
B
$378,300
9
CEO,CB,BO
B
$301,261
10
DIR
B
$185,000

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

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$40,997,068
2
CEO,DIR,BO
AS
$32,619,293
3
BO
S
$7,575,032
4
CB,CEO,BO
S
$3,155,595
5
CB,DIR,BO
S
$3,084,692
6
CEO,PR,DIR
S
$2,965,496
7
VP
AS
$2,512,866
8
MD
S
$1,995,776
9
DIR
S
$1,914,125
10
DIR
S
$1,600,919

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."
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No positions in stocks mentioned.
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