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Insider Trades: Two Significant Purchases at KaloBios; Electronic Arts CEO Buys Company Stock

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Plus, sales at Virtusa and Boulder Brands.

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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 Monday, February 4, 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 and products company EMC (NYSE:EMC) bought $22,292,848 of VMware (NYSE:VMW), the cloud infrastructure and virtualization software company that it acquired in 2004. Stephen Quinn, a Director of bank holding company Zions Bancorp (NASDAQ:ZION), bought $5,000,000 worth of company stock. At KaloBios Pharmaceuticals (NASDAQ:KBIO), which develops treatments for respiratory diseases and certain kinds of cancer, Director James Healy bought $3,000,000 and Beneficiary Owner 5AM Partners bought $500,000. KaloBios had an initial public offering on January 30 and was the first health care IPO of the year to lose ground in initial trading. At video game company Electronic Arts (NASDAQ:EA), CEO John Riccitiello bought $497,701 of company stock.

In insider sales, Bill Gates, the Co-Founder, former CEO, and current Chairman of Microsoft (NASDAQ:MSFT) sold $123,733,800 of company stock. At Mastercard (NYSE:MA), Beneficiary Owner the Mastercard Foundation sold $18,388,362 of company stock. The American venture capitalist Robert Davoli, an Independent Director of IT company Virtusa (NASDAQ:VRTU) since 2000, sold $7,830,270 worth of company stock. The money management firm Adage Capital, a beneficial owner of Boulder Brands (NASDAQ:BDBD), sold $4,077,024 worth of company stock. The company, formerly known as Smart Balance before it officially changed its name last month, is the fourth largest marketer of natural foods.

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
$22,492,848
2
DIR
JB*
$5,000,000
3
DIR,BO
B
$3,000,000
4
BO
B
$500,000
5
CEO,DIR
B
$497,701
6
BO
JB*
$472,700
7
BO
B
$343,494
8
DIR
B
$338,558
9
VCB,CFO
JB*
$300,000
10
BO
B
$136,800

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
DIR
AS
$123,733,800
2
BO
S
$18,388,362
3
DIR
S
$7,830,270
4
CB,CEO,DIR
S
$4,086,855
5
BO
S
$4,077,024
6
DIR
S
$1,310,181
7
DIR
S
$1,222,140
8
CB,CEO,DIR
S
$1,099,168
9
CB,DIR
S
$1,089,889
10
VP,TR
S
$1,013,601

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.
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