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Stocks: Phillip Frost Buys Shares of Opko Health; Shutterfly and Yelp See Insider Sales

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Plus, a purchase at Western Asset/Claymore Inflation-Linked Opportunities & Income Fund.

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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:
  • Cascade Investment LLC, the holding and investment company founded by Bill Gates in 1994, bought 93,202 shares of diversified, closed-end management investment company Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE:WIW) for $1,105,978.
  • Phillip Frost, Chairman and CEO of multinational biopharmaceutical and diagnostics company Opko Health (NYSE:OPK), bought 100,000 shares of company stock for $832,220.
Notable Sales:
  • Jeffrey Housenbold, CEO of Internet-based social expression and personal publishing service Shutterfly (NASDAQ:SFLY), sold 39,979 shares of company stock for $1,685,843.
  • Robert Krolik, CFO of online local guide company Yelp (NYSE:YELP), sold 17,500 shares of company stock for $1,146,801.

For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JB*
$12,786,924
2
BO
B,JB*
$1,105,978
3
CEO,CB,BO
B
$832,220
4
CEO,DIR,BO
JB*
$789,000
5
PR
B
$628,676
6
DIR,BO
B
$556,956
7
BO
AB
$211,636
8
CB,PR,DIR
JB*
$100,000
9
CB,CEO
AB
$96,915
10
DIR
JB*
$75,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
AS
$3,805,703
2
DIR
JS*
$2,280,000
3
VP,CT
S
$2,206,800
4
CEO,DIR
AS
$1,685,843
5
CFO
AS
$1,146,801
6
DIR
S
$1,065,951
7
BO
AS
$866,469
8
PR,COO
S
$832,900
9
VP
AS
$763,059
10
VP
AS
$677,510

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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