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Insiders at Akamai, Opko, and Continental Resources Buy Shares

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Plus, purchases at Amtrust Financial Services and Caci International.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:
  • Leah Karfunkel, a beneficial owner of multinational specialty property and casualty insurer Amtrust Financial Services (NASDAQ:AFSI), bought 209,772 shares of company stock for $6,589,463.
  • The activist investment fund Blue Harbor Group bought 88,065 shares of simulation technology company Caci International (NYSE:CACI) for $6,309,128.
  • Harold Hamm, CEO and Chairman of independent crude oil and natural gas exploration and production company Continental Resources (NYSE:CLR), bought 41,000 shares of company stock for $4,190,081.
  • George Conrades, a director at content delivery and cloud infrastructure services company Akamai Technologies (NASDAQ:AKAM), bought 20,000 shares of company stock for $899,100.
  • Phillip Frost, Chairman and CEO of multinational pharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 72,500 shares of company stock for $722,759.
For more insider trades, please see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$6,589,463
2
BO
JB*,B
$6,309,128
3
CEO,CB,BO
B
$4,190,081
4
BO
B
$1,302,832
5
DIR
B
$899,100
6
BO
B
$805,256
7
CEO,CB,BO
B
$722,759
8
DIR
B
$580,101
9
DIR,BO
B
$546,630
10
O
B
$469,660

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$81,348,408
2
CEO,DIR,BO
AS
$35,933,172
3
CFO
AS
$26,169,588
4
BO
S
$18,426,432
5
DIR
JS*
$15,075,458
6
DIR
S
$8,202,000
7
BO
AS
$5,551,345
8
CEO,CB,BO
AS
$4,982,515
9
VP,CFO
S
$4,556,967
10
CEO,DIR
JS*
$3,863,821

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

An important note from Jonathan Moreland, founder of Insider Insights:

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

Please note, however, that the lists above are strictly factual; they are 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.

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.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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