This article summarizes the most significant insider buying and selling activity for US stocks reported on Tuesday, December 31, 2024.
Most important insider purchases:
Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) Significant insider buying activity. Paul T. Dacier, a major stockholder, acquired 8,782 shares of Class A common stock at a price of approximately $11.39 per share, for a total of approximately $100,026. This purchase was part of a private placement associated with a business combination involving Coliseum Acquisition Corp. and Rain Enhancement Technologies, Inc. Following this transaction, Dacier now owns a total of 1,848,104 shares indirectly through Rainwater LLC. It is worth noting that RAIN, a small-cap company valued at $3.97 million, has seen a notable rise of over 430% in its stock price over the past year.
CVR Partners, LP (NYSE:) reported a significant insider purchase by Carl C. Icahn. The billionaire investor indirectly bought 18,000 common units of the company through related entities, including American Entertainment Properties Corp. and IEP Energy Holding LLC. Following these acquisitions, Icahn's total ownership in CVR Partners now stands at 174,192 common units. CVR Partners, based in Sugar Land, Texas, is a major player in the agrichemical sector, specializing in the production of nitrogen fertilizers.
Tile Shop (NASDAQ:) Holdings, Inc. has seen… (NASDAQ:TTSH) Significant stock acquisitions by key stakeholders. Pleasant Lake Onshore Feeder Fund LP, Fund 1 Investments, LLC and Pleasant Lake Partners LLC collectively purchased shares worth approximately $1,197,220. The acquisitions occurred in several transactions between December 27 and December 31, 2024, with purchase prices ranging from $6.7327 to $6.9071 per share. After these transactions, the total shares owned by these entities increased to 10,225,001 shares.
BlackRock (NYSE:) Innovation & Growth Term Trust (NYSE:BIGZ) saw significant insider buying from Saba Capital Management, LP, led by Boaz Weinstein. The investment firm acquired a total of 431,872 shares over two trades, at prices between $7.45 and $7.52 per share. The total value of these transactions is approximately US$3.2 million, bringing Saba Capital's ownership in the fund to 60,047,827 shares.
Zivo Bioscience, Inc. announced (NASDAQ:ZIVO) announced a major stock acquisition by major shareholder Mark E. Strome. Through Strome Investment Management LP and Strome Group, Inc., Strome acquired 75,000 shares of Zivo Bioscience common stock at a price of $20.19 per share, for a total consideration of approximately $1.51 million. In addition, the related transaction included the acquisition of 7,500 common stock warrants, which were exercised at no cost on the same date.
Top insider sales:
Roivant Sciences Ltd. reported. (NASDAQ:) reported insider selling activity by Eric Venker, the company's president and chief operating officer. Venker sold a total of 354,604 common shares, realizing approximately $4.1 million. Selling prices ranged from $11.54 to $11.82 per share. In addition to the sales, Venker also exercised stock options to acquire 500,000 shares of common stock at a price of $3.85 per share. Following these transactions, Venker's direct ownership is 740,976 shares in the company with a market capitalization of $8.6 billion.
Quantum-Si Incorporated (NASDAQ:) saw a major sell-off by Jonathan M. Rothberg, a major shareholder and director. Rothberg sold a total of 1,000,000 shares of Class A common stock in multiple transactions, at prices ranging from $2.0701 to $2.1798 per share. The total value of these sales was approximately $2.12 million. The transactions were made pursuant to a 10b5-1 trading plan established on September 11, 2023, as part of estate planning efforts.
Green Dot Company (NYSE:NYSE:) reported significant insider selling by Topline Capital Partners (WA:), LP, a major shareholder. The company sold a total of 959,180 shares over three deals, at prices ranging from $10.44 to $10.54 per share, resulting in a total transaction value of approximately $10.1 million. Following these transactions, Topline Capital Partners will retain ownership of 5,376,787 shares of Green Dot Corp.
(NASDAQ:ACVA) disclosed insider selling by William Zerella, the company's CFO. Zerella sold 32,500 shares of the Company's Class A common stock at a weighted average price of $21.65, amounting to a total transaction value of $703,625. The sale was made pursuant to a Rule 10b5-1 trading plan, which Zerella entered into on August 30, 2023.
Workday, Inc. announced (NASDAQ:) reported a significant sell-off by David A. Duffield, a major shareholder. Duffield sold shares worth approximately $14.7 million on December 30, 2024. The transactions included the sale of Class A common stock at prices ranging from $259.95 to $264.12 per share. Following these transactions, Duffield retains ownership of 172,000 shares through the Dave & Cheryl Duffield Foundation, while the David A. Duffield Trust directly owns 102,997 shares.
Staying on top of insider trading activities can provide valuable insights to investors. While insider buying often indicates confidence in a company's future prospects, insider selling may occur for various reasons and does not necessarily indicate a negative outlook. It is necessary to consider these transactions as part of a broader analysis, including company fundamentals, market conditions and overall investment strategy.
This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.
