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Srinivasan Buys More Shares of AGCO, While Insiders Sell at Google and Monsanto

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Plus, there were purchases at ARI Network Services, BreitBurn Energy Partners, and Lucas Energy.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, July 8, 2013.

Notable Purchases:
  • Mallika Srinivasan, a Director of agricultural equipment company AGCO (NYSE:AGCO), bought 8,300 shares of company stock for $414,834.
  • The Wynnefield Partners Small Cap Value LP of the value investor Wynnefield Capital bought 69,743 shares of technology services and solutions company ARI Network Services (OTCMKTS:ARIS) for $290,000.
  • Gregory Brown, the Executive Vice President and General Counsel of independent oil and gas partnership BreitBurn Energy Partners (NASDAQ:BBEP), bought 16,000 shares of company stock for $241,120 while Vice President and CFO James Jackson bought 10,000 shares for $152,500.
  • Anthony Schnur, the President and CEO of independent oil and gas company Lucas Energy (NYSEMKT:LEI), bought 40,000 shares of company stock for $53,020.
Notable Sales:
  • Larry Page, the Co-Founder and CEO of Google (NASDAQ:GOOG), sold 20,833 shares of company stock for $18,819,538.
  • Hugh Grant, the Chairman and CEO of agricultural products company Monsanto (NYSE:MON), sold 40,000 shares of company stock for $3,909,752.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
AB
$414,834
2
BO
B
$290,000
3
BO
JB*
$249,365
4
VP,GC
B
$241,120
5
CFO,VP
B
$152,500
6
CEO,CB,BO
B
$108,278
7
CEO,PR
B
$53,020
8
PR,CEO,DIR
AB
$50,750
9
DIR
AB
$36,686
10
DIR
B
$29,000

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,DIR,BO
AS
$18,819,538
2
CB,CEO,DIR
AS
$3,909,752
3
CB,PR,CEO
AS
$3,026,718
4
BO
AS
$1,469,405
5
DIR
AS
$1,380,000
6
DIR
S
$1,213,671
7
CB,PR,CEO
AS
$1,038,285
8
O
S
$924,300
9
DIR
AS
$916,126
10
CEO,DIR,BO
AS
$843,021

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."
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