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David Einhorn Sells Shares in Marvell Technology, and Insiders Buy at AGCO and Quantum

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Plus, sales at Graphic Packaging, Google, LinkedIn, and Facebook.

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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, April 8, 2013.

Purchases: Mallika Srinivasan, a Director of agricultural equipment company AGCO Corporation (NYSE:AGCO), bought 13,900 shares of company stock for $692,359. Since April 1, she has bought $74,527,113 worth of company stock. Srinivasan is also the CEO of the Indian tractor and farm equipment company TAFE Tractors.

Jeffrey Smith's activist hedge fund Starboard Value bought 250,000 shares of backup, recovery, and archive solutions company Quantum (NYSE:QTM) for $308,050. The company announced today three new additions to its StorNext line of appliances, which enable high-speed collaboration and workflow management for clients. The new appliances are designed to help mid-sized businesses optimize workflow so that content can be more quickly monetized.

Sales: The Grover C. Coors Trust sold 6,146,994 shares of packaging solutions company Graphic Packaging (NYSE:GPK) for $41,307,800. Graphic Packaging provides packaging solutions to food, beverage, and other consumer companies. Last Friday, Citigroup began covering the company's stock, giving it a "buy" rating and a price target of $9.00. It is currently trading at $7.42.

Activist investor David Einhorn sold 1,700,000 shares of fabless semiconductor company Marvell Technology Group (NASDAQ:MRVL) for $17,287,454. Yesterday, live and on-demand TV provider MobiTV announced a collaboration with Marvell to allow its Digital Right Management software and Media Player to work on Marvell's ARAMADA 1500 HD platform for enhanced and secure HD content delivery. Because it supports multiple platforms, the DRM system allows for lower total cost of ownership for multi-screen solutions, incorporating mobile, Internet, and cable television more fluidly.

There were multiple sales at social media companies: Google (NASDAQ:GOOG) CEO Larry Page sold $16,088,767 of his company stock. At LinkedIn (NYSE:LNKD), CFO Steven Sordello sold $4,427,281, Operating Officer David Henke sold $3,037,382, and Vice President of Products and User Experience Dipchand Nishar sold $1,968,444 worth of company stock. At Facebook (NASDAQ:FB), CTO Michael Shcroepfer sold $1,066,059 worth of company stock.


Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR
AB
$692,359
2
BO
B
$308,050
3
CEO,CB,BO
B
$200,914
4
DIR
B
$124,880
5
DIR
B
$53,340
6
CEO,DIR,BO
JB*
$51,000
7
DIR
B
$38,129
8
DIR
AB
$36,862
9
DIR
B
$32,400
10
DIR
AB
$24,282

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
JS*
$41,307,800
2
BO
S
$17,287,454
3
CEO,DIR,BO
AS
$16,088,767
4
VP,CFO
AS
$3,427,281
5
VP,OO
AS
$3,037,382
6
VP
AS
$1,968,444
7
DIR
S
$1,487,658
8
VP
AS
$1,071,076
9
CTO
AS
$1,066,059
10
CB,PR,CEO
S
$968,525

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."

Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
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