Insider Buying

Insider Weekends – April 8, 2016

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April 10, 2016 | Insider Buying | Author Asif

Welcome to edition 303 of Insider Weekends. Insider buying increased significantly last week with insiders buying $119.62 million of stock compared to $26.94 million in the week prior. Selling on the other hand declined with insiders selling $906 million of stock last week compared to $1.32 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 7.57. In other words, insiders sold more than 7 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 48.99. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

While the headline numbers indicate that insider buying jumped significantly and the Sell/Buy ratio dropped, looking deeper shows that 94% of the insider buying was related to a single transaction for Transmontaigne Partners (TLP) that appears to be a private placement with various entities indirectly related to a director of the company. Removing this transaction would mean insiders just purchased $7.2 million of stock last week. Some of this muted buying could be explained by the fact that we were in the first week of the quarter and earnings related quite periods at most companies.

Insider Sell Buy Ratio April 8, 2016

Insider Sell Buy Ratio April 8, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Actuant Corporation (ATU): $24.22

Shares of this industrial products and systems company were acquired by 3 insiders:

  • EVP-Human Resources Eugene Edward Skogg acquired 10,000 shares, paying $24.46 per share for a total amount of $244,600. Mr. Skogg increased his stake by 10.49% to 105,319 shares with this purchase.
  • Exec VP Industrial Segment Mark Sefcik acquired 6,500 shares, paying $24.50 per share for a total amount of $159,250. Mr. Sefcik increased his stake by 12.48% to 58,582 shares with this purchase.
  • Pres. & CEO Randal W. Baker acquired 4,061 shares, paying $24.63 per share for a total amount of $100,022. Mr. Baker increased his stake by 8.62% to 51,153 shares with this purchase.

You can view the list of recent insider transactions for Actuant Corporation here.

P/E: 140 Forward P/E: 17.55 Industry P/E: 19.48
P/S: 1.15 Price/Book: 2.12 EV/EBITDA: 10.16
Market Cap: $1.43B Avg. Daily Volume: 681,403 52 Week Range: $17.02 – $25.5

2. Opko Health, Inc. (OPK): $10.73

CEO & Chairman Phillip Frost M.D. acquired 40,000 shares of this devices and drug development company, paying $10.45 per share for a total amount of $417,803. These shares were purchased indirectly by Frost Gamma Investments Trust.

You can view the list of recent insider transactions for Opko Health, Inc. here.

P/E: N/A Forward P/E: 63.12 Industry P/E: 27.96
P/S: 12.76 Price/Book: 3.17 EV/EBITDA: -86.27
Market Cap: $5.86B Avg. Daily Volume: 4,375,290 52 Week Range: $7.12 – $19.2

3. Ambac Financial Group, Inc. (AMBC): $15.15

Shares of this insurance company were acquired by 2 insiders:

  • Chief Executive Officer Tavakoli Nader acquired 16,200 shares, paying $14.84 per share for a total amount of $240,408. Mr. Nader increased his stake by 9.92% to 179,487 shares with this purchase.
  • Director Alexander David Greene acquired 10,000 shares, paying $15.05 per share for a total amount of $150,500. Mr. Greene increased his stake by 333.33% to 13,000 shares with this purchase.

You can view the list of recent insider transactions for Ambac Financial Group, Inc. here.

P/E: 1.41 Forward P/E: 7.58 Industry P/E: 15.08
P/S: 1.02 Price/Book: 0.39 EV/EBITDA: 10.69
Market Cap: $682.46M Avg. Daily Volume: 375,481 52 Week Range: $11.92 – $25.59

4. aTyr Pharma Inc. (LIFE): $3.2

Shares of this biotherapeutics company were acquired by 2 insiders:

  • Director Paul Schimmel acquired 90,000 shares, paying $3.29 per share for a total amount of $295,701. Mr. Schimmel increased his stake by 715.88% to 102,572 shares with this purchase.
  • CEO and Director John Mendlein acquired 5,000 shares, paying $3.53 per share for a total amount of $17,675. Mr. Mendlein increased his stake by 2.03% to 250,971 shares with this purchase.

You can view the list of recent insider transactions for aTyr Pharma Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: N/A Price/Book: 0.59 EV/EBITDA: 0.75
Market Cap: $75.77M Avg. Daily Volume: 262,531 52 Week Range: $3.03 – $28.29

5. Engility Holdings, Inc. (EGL): $17.75

Chief Executive Officer Lynn A. Dugle acquired 13,656 shares of this staffing & consulting services provider, paying $18.30 per share for a total amount of $249,944.

You can view the list of recent insider transactions for Engility Holdings, Inc. here.

P/E: 88.75 Forward P/E: 12.68 Industry P/E: 15.26
P/S: 0.35 Price/Book: 0.7 EV/EBITDA: 9.53
Market Cap: $652.39M Avg. Daily Volume: 265,306 52 Week Range: $11.46 – $35.92

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Facebook, Inc. (FB): $110.63

Shares of Facebook were sold by 4 insiders:

  • Director Jan Koum sold 1,434,530 shares for $112.78, generating $161.79 million from the sale. These shares were sold indirectly through a trust.
  • Chief Operating Officer Sheryl Sandberg sold 109,000 shares for $112.78, generating $12.29 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $113.75, generating $2.28 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • VP and General Counsel Colin Stretch sold 1,000 shares for $112.00, generating $112,000 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 85.56 Forward P/E: 26.66 Industry P/E: 31.86
P/S: 18.04 Price/Book: 7.28 EV/EBITDA: 36.02
Market Cap: $324.52B Avg. Daily Volume: 35,607,100 52 Week Range: $72 – $117.59

2. Six Flags Entertainment Corporation (SIX): $59.42

Exec. Chairman James Reid-Anderson sold 281,646 shares of this theme park operator for $57.77, generating $16.27 million from the sale.

You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.

P/E: 37.61 Forward P/E: 31.95 Industry P/E: 29.39
P/S: 4.28 Price/Book: 223.06 EV/EBITDA: 14.79
Market Cap: $5.54B Avg. Daily Volume: 904,653 52 Week Range: $41.6 – $59.92

3. Palo Alto Networks, Inc. (PANW): $147.85

Shares of this network security company were sold by 4 insiders:

  • President & CEO Mark D. McLaughlin sold 35,000 shares for $160.04, generating $5.6 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Director James J. Goetz sold 23,643 shares for $157.14, generating $3.72 million from the sale.
  • Chief Marketing Officer Rene Bonvanie sold 17,185 shares for $165.00, generating $2.84 million from the sale.
  • Director Carl M. Eschenbach sold 1,780 shares for $160.57, generating $285,822 from the sale.

You can view the list of recent insider transactions for Palo Alto Networks, Inc. here.

P/E: N/A Forward P/E: 56.65 Industry P/E: 17.65
P/S: 11.5 Price/Book: 22.31 EV/EBITDA: -103.39
Market Cap: $13.07B Avg. Daily Volume: 2,336,980 52 Week Range: $111.09 – $200.55

4. Mylan N.V. (MYL): $47

Executive Chairman Robert J. Coury sold 217,755 shares of this pharmaceutical company for $45.96, generating $10 million from the sale.

You can view the list of recent insider transactions for Mylan N.V. here.

P/E: 27.65 Forward P/E: 8.05 Industry P/E: 25.9
P/S: 2.5 Price/Book: 2.42 EV/EBITDA: 10.28
Market Cap: $23.06B Avg. Daily Volume: 5,925,850 52 Week Range: $37.59 – $76.69

5. QVC Group (QVCA): $25.98

Shares of this online commerce company were sold by 2 insiders:

  • Director Michael A. George sold 150,000 shares for $25.10, generating $3.77 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Chairman of the Board John C. Malone sold 128,000 shares for $28.30, generating $3.62 million from the sale.

You can view the list of recent insider transactions for QVC Group here.

P/E: 13.76 Forward P/E: 16.24 Industry P/E: 49.86
P/S: N/A Price/Book: 1.74 EV/EBITDA: N/A
Market Cap: $12.91B Avg. Daily Volume: 2,298,830 52 Week Range: $22.51 – $31.62

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – April 1, 2016

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April 3, 2016 | Insider Buying | Author Asif

Welcome to edition 302 of Insider Weekends. Insider buying declined last week with insiders buying $26.94 million of stock compared to $38.86 million in the week prior. Selling more than doubled with insiders selling $1.32 billion of stock last week compared to $635.25 million in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 48.99. In other words, insiders sold almost 49 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 16.35 and is the highest we have seen since March 27, 2015. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio April 1, 2016

Insider Sell Buy Ratio April 1, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Opko Health, Inc. (OPK): $10.41

Shares of this medical devices and drug development company were acquired by 2 insiders:

  • CEO & Chairman Phillip Frost M.D. acquired 134,200 shares, paying $10.17 per share for a total amount of $1.37 million. These shares were purchased indirectly by Frost Gamma Investments Trust.
  • Executive VP-Administration Steven D. Rubin acquired 1,000 shares, paying $10.17 per share for a total amount of $10,166. Mr. Rubin increased his stake by 0.02% to 5,442,407 shares with this purchase.

You can view the list of recent insider transactions for Opko Health, Inc. here.

P/E: N/A Forward P/E: 61.24 Industry P/E: 24.96
P/S: 12.47 Price/Book: 3.1 EV/EBITDA: -83.64
Market Cap: $5.68B Avg. Daily Volume: 4,518,290 52 Week Range: $7.12 – $19.2

2. Patriot National, Inc. (PN): $8.51

Shares of this insurance industry services provider were acquired by 2 insiders:

  • Chairman, CEO and President Steven M. Mariano acquired 70,000 shares, paying $7.60 per share for a total amount of $532,000. These shares were purchased indirectly by Corporation.
  • Director John Del Pizzo acquired 19,200 shares, paying $7.56 per share for a total amount of $145,152. Mr. Del increased his stake by 15.89% to 140,065 shares with this purchase.

You can view the list of recent insider transactions for Patriot National, Inc. here.

P/E: N/A Forward P/E: 7.34 Industry P/E: 27.93
P/S: 1.02 Price/Book: 2.46 EV/EBITDA: 9.76
Market Cap: $231.27M Avg. Daily Volume: 503,656 52 Week Range: $3.56 – $19.32

3. Ambac Financial Group, Inc. (AMBC): $16.77

Shares of this insurance company were acquired by 2 insiders:

  • Chief Executive Officer Tavakoli Nader acquired 28,390 shares, paying $15.98 per share for a total amount of $453,562. Mr. Nader increased his stake by 21.05% to 163,287 shares with this purchase.
  • Director David L. Herzog acquired 12,820 shares, paying $15.84 per share for a total amount of $203,069.

You can view the list of recent insider transactions for Ambac Financial Group, Inc. here.

P/E: 1.56 Forward P/E: 8.38 Industry P/E: 3.57
P/S: 1.1 Price/Book: 0.42 EV/EBITDA: 10.75
Market Cap: $755.44M Avg. Daily Volume: 369,226 52 Week Range: $11.92 – $25.91

4. EVINE Live Inc. (EVLV): $1.27

Shares of this digital commerce company were acquired by 9 insiders:

  • Interim CEO Robert Rosenblatt acquired 305,000 shares, paying $0.97 per share for a total amount of $294,829. Mr. Rosenblatt increased his stake by 997.71% to 335,570 shares with this purchase.
  • Chief Financial Officer Tim Peterman acquired 162,000 shares, paying $0.90 per share for a total amount of $146,205. These shares were purchased indirectly by Mr. Peterman’s wife.
  • Director Landel C. Hobbs acquired 20,000 shares, paying $1.06 per share for a total amount of $21,190. Mr. Hobbs increased his stake by 50.36% to 59,718 shares with this purchase.
  • SVP, Gen Counsel and Secretary Damon E. Schramm acquired 20,000 shares, paying $0.94 per share for a total amount of $18,716. Mr. Schramm increased his stake by 444.44% to 24,500 shares with this purchase.
  • SVP, Human Resources Jaime Nielsen acquired 19,000 shares, paying $0.92 per share for a total amount of $17,474. Ms. Nielsen increased his stake by 114.19% to 35,639 shares with this purchase.
  • SVP, Corporate Controller Nick Vassallo acquired 16,700 shares, paying $0.85 per share for a total amount of $14,245. Mr. Vassallo increased his stake by 43.14% to 55,407 shares with this purchase.
  • Director Lisa Letizio acquired 15,000 shares, paying $0.99 per share for a total amount of $14,819.
  • Director Fred R. Siegel acquired 12,000 shares, paying $1.04 per share for a total amount of $12,500. These shares were purchased indirectly through Individual Retirement Account for Self.
  • Director Lowell W. Robinson acquired 5,000 shares, paying $1.12 per share for a total amount of $5,600. Mr. Robinson increased his stake by 15.28% to 37,718 shares with this purchase.

You can view the list of recent insider transactions for EVINE Live Inc. here.

P/E: N/A Forward P/E: 21.17 Industry P/E: 15.39
P/S: 0.1 Price/Book: 0.88 EV/EBITDA: 18.77
Market Cap: $72.61M Avg. Daily Volume: 548,623 52 Week Range: $0.41 – $6.96

5. Care Capital Properties, Inc. (CCP): $26.17

Chief Executive Officer Raymond J. Lewis acquired 20,000 shares of this healthcare facilities REIT, paying $25.69 per share for a total amount of $513,846. Mr. Lewis increased his stake by 9.95% to 221,080 shares with this purchase.

You can view the list of recent insider transactions for Care Capital Properties, Inc. here.

P/E: 14.76 Forward P/E: 9.28 Industry P/E: N/A
P/S: 7.22 Price/Book: 1.83 EV/EBITDA: 12.79
Market Cap: $2.20B Avg. Daily Volume: 668,553 52 Week Range: $23.65 – $36.44

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Facebook, Inc. (FB): $116.06

Shares of Facebook were sold by 3 insiders:

  • Director Jan Koum sold 1,147,624 shares for $115.34, generating $132.37 million from the sale. These shares were sold indirectly through a trust.
  • Chief Product Officer Christopher K. Cox sold 15,600 shares for $113.75, generating $1.77 million from the sale.
  • VP and General Counsel Colin Stretch sold 1,000 shares for $113.83, generating $113,830 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 89.76 Forward P/E: 28.03 Industry P/E: 31.22
P/S: 18.11 Price/Book: 7.31 EV/EBITDA: 37.9
Market Cap: $340.44B Avg. Daily Volume: 35,694,300 52 Week Range: $72 – $117.59

2. Apple Inc. (AAPL): $109.99

Senior Vice President Philip W. Schiller sold 268,644 shares of Apple for $110.01, generating $29.55 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for Apple Inc. here.

P/E: 11.7 Forward P/E: 10.98 Industry P/E: 21.25
P/S: 2.57 Price/Book: 4.71 EV/EBITDA: 7.66
Market Cap: $609.85B Avg. Daily Volume: 46,038,500 52 Week Range: $92 – $134.54

3. Ross Stores Inc. (ROST): $58.64

Shares of this apparel chain were sold by 4 insiders:

  • Chairman, Executive Michael Balmuth sold 135,128 shares for $57.53, generating $7.77 million from the sale.
  • Executive VP & Corp Secretary John G. Call sold 27,000 shares for $57.40, generating $1.55 million from the sale.
  • President, Chief Operating Off Michael O’Sullivan sold 5,170 shares for $58.15, generating $300,658 from the sale.
  • President, Merchandising Bernard G. Brautigan sold 2,617 shares for $57.57, generating $150,670 from the sale.

You can view the list of recent insider transactions for Ross Stores Inc. here.

P/E: 23.93 Forward P/E: 19.29 Industry P/E: 16.81
P/S: 2 Price/Book: 9.8 EV/EBITDA: 12.62
Market Cap: $24.26B Avg. Daily Volume: 3,207,470 52 Week Range: $43.47 – $59.68

4. Six Flags Entertainment Corporation (SIX): $58.19

Shares of this theme park operator were sold by 2 insiders:

  • Exec. Chairman James Reid-Anderson sold 118,354 shares for $55.44, generating $6.56 million from the sale.
  • Senior VP – Marketing Brett Petit sold 10,000 shares for $56.04, generating $560,410 from the sale.

You can view the list of recent insider transactions for Six Flags Entertainment Corporation here.

P/E: 36.83 Forward P/E: 31.45 Industry P/E: 29.87
P/S: 4.02 Price/Book: 209.4 EV/EBITDA: 14.54
Market Cap: $5.42B Avg. Daily Volume: 907,273 52 Week Range: $41.6 – $58.3

5. salesforce.com, inc. (CRM): $75.73

Shares of this software-as-a-service (SaaS) provider were sold by 5 insiders:

  • Chairman of the Board & CEO Marc Benioff sold 50,000 shares for $72.46, generating $3.62 million from the sale.
  • Chief Financial Officer Mark J. Hawkins sold 8,625 shares for $71.89, generating $620,059 from the sale.
  • Co-Founder Parker Harris sold 5,000 shares for $71.86, generating $359,295 from the sale.
  • EVP, Global Employee Success Cynthia G. Robbins sold 5,000 shares for $73.00, generating $365,000 from the sale.
  • Director John Victor Roos sold 180 shares for $71.54, generating $12,877 from the sale.

You can view the list of recent insider transactions for salesforce.com, inc. here.

P/E: N/A Forward P/E: 58.25 Industry P/E: 36.8
P/S: 7.41 Price/Book: 9.87 EV/EBITDA: 85.06
Market Cap: $50.81B Avg. Daily Volume: 6,114,910 52 Week Range: $52.6 – $82.9

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – March 25, 2016

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March 27, 2016 | Insider Buying | Author Asif

Welcome to edition 301 of Insider Weekends. Insider buying decreased significantly last week with insiders buying $38.86 million of stock compared to $269.24 million in the week prior. Selling also decreased significantly with insiders selling $635.25 million of stock last week compared to $1.33 billion in the week prior.

This muted activity is not unusual as we approach the end of the quarter and most companies enter a quite period when insiders cannot purchase or sell their stock. Insider buying in our previous report was dominated by biotech stocks and this week is no different with biotech stocks accounting for three of the five top purchases. Amongst the insider purchases OvaScience (OVAS) and Flex Pharma (FLKS) stood out because both were purchased by their CEOs indirectly through the venture capital firm Longwood Fund. Both these CEOs are also co-founders and Partners of Longwood Fund.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 16.35. In other words, insiders sold more than 16 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 4.93. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio March 25, 2016

Insider Sell Buy Ratio March 25, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Seattle Genetics, Inc. (SGEN): $34.68

Director Felix Baker acquired 124,065 shares of this biotech company, paying $31.85 per share for a total amount of $3.95 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 26.85
P/S: 14.37 Price/Book: 7.04 EV/EBITDA: -39.49
Market Cap: $4.85B Avg. Daily Volume: 1,411,960 52 Week Range: $26.02 – $52.33

2. OvaScience, Inc. (OVAS): $9.06

Chief Executive Officer Michelle Dipp acquired 179,300 shares of this biotech company, paying $9.40 per share for a total amount of $1.68 million. These shares were purchased indirectly by Longwood Fund III LP.

You can view the list of recent insider transactions for OvaScience, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 906.05 Price/Book: 1.98 EV/EBITDA: -1.7
Market Cap: $247.34M Avg. Daily Volume: 519,759 52 Week Range: $4.53 – $48.94

3. Flex Pharma, Inc. (FLKS): $10.48

President and CEO Christoph H. Westphal acquired 135,195 shares of this biotech company, paying $11.29 per share for a total amount of $1.53 million. These shares were purchased indirectly by Longwood Fund III LP.

You can view the list of recent insider transactions for Flex Pharma, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: N/A Price/Book: 1.8 EV/EBITDA: -2.37
Market Cap: $188.19M Avg. Daily Volume: 91,075 52 Week Range: $6.48 – $24.82

4. Demandware, Inc. (DWRE): $35.42

President and CEO Thomas D. Ebling acquired 30,000 shares of this software-as-a-service E-commerce solutions provider, paying $34.93 per share for a total amount of $1.05 million. Mr. Ebling increased his stake by 17.85% to 198,070 shares with this purchase.

You can view the list of recent insider transactions for Demandware, Inc. here.

P/E: N/A Forward P/E: 101.2 Industry P/E: 33.08
P/S: 5.28 Price/Book: 4.36 EV/EBITDA: -60.28
Market Cap: $1.34B Avg. Daily Volume: 658,000 52 Week Range: $26.47 – $75.9

5. Sears Holdings Corporation (SHLD): $15

Chief Executive Officer Edward S. Lampert acquired 68,271 shares of this department stores chain, paying $14.77 per share for a total amount of $1 million. Mr. Lampert increased his stake by 0.22% to 30,965,732 shares with this purchase.

You can view the list of recent insider transactions for Sears Holdings Corporation here.

P/E: N/A Forward P/E: N/A Industry P/E: 23.56
P/S: 0.06 Price/Book: N/A EV/EBITDA: -4.18
Market Cap: $1.60B Avg. Daily Volume: 681,362 52 Week Range: $14.56 – $46.23

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Facebook, Inc. (FB): $113.05

Shares of Facebook were sold by 2 insiders:

  • Director Jan Koum sold 1,434,530 shares for $111.63, generating $160.14 million from the sale. These shares were sold indirectly through a trust.
  • VP and General Counsel Colin Stretch sold 1,000 shares for $111.34, generating $111,340 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 87.43 Forward P/E: 27.37 Industry P/E: 30.97
P/S: 17.87 Price/Book: 7.21 EV/EBITDA: 36.86
Market Cap: $331.61B Avg. Daily Volume: 35,142,300 52 Week Range: $72 – $117.59

2. ServiceNow, Inc. (NOW): $61.69

Chief Product Officer Frederic B. Luddy sold 195,000 shares of this software-as-a-service providerfor $61.56, generating $12 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for ServiceNow, Inc. here.

P/E: N/A Forward P/E: 61.69 Industry P/E: 21.62
P/S: 9.99 Price/Book: 17.66 EV/EBITDA: -90.84
Market Cap: $9.92B Avg. Daily Volume: 2,776,550 52 Week Range: $46 – $91.28

3. Adobe Systems Incorporated (ADBE): $92.52

Shares of this software company were sold by 10 insiders:

  • Director Charles M. Geschke sold 25,000 shares for $92.47, generating $2.31 million from the sale.
  • EVP, Cust. & Emp. Experience Donna Morris sold 25,000 shares for $93.00, generating $2.33 million from the sale. These shares were sold indirectly through a trust.
  • Director John E. Warnock sold 9,000 shares for $92.70, generating $834,309 from the sale. These shares were sold indirectly through a trust.
  • VP, Corp. Controller & CAO Richard Rowley sold 4,146 shares for $92.46, generating $383,349 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Adobe Systems Incorporated here.

P/E: 74.61 Forward P/E: 24.41 Industry P/E: 33.08
P/S: 9.58 Price/Book: 6.55 EV/EBITDA: 35.39
Market Cap: $46.37B Avg. Daily Volume: 3,873,690 52 Week Range: $71.27 – $98

4. Ross Stores Inc. (ROST): $57.41

Shares of this apparel chain were sold by 3 insiders:

  • President, Chief Operating Officer Michael B. O’Sullivan sold 58,163 shares for $58.10, generating $3.38 million from the sale.
  • President, Merchandising Bernard G. Brautigan sold 24,586 shares for $58.35, generating $1.43 million from the sale.
  • Group S.V.P., CFO Michael J. Hartshorn sold 13,831 shares for $59.17, generating $818,415 from the sale.

You can view the list of recent insider transactions for Ross Stores Inc. here.

P/E: 23.43 Forward P/E: 18.88 Industry P/E: 18
P/S: 2.01 Price/Book: 9.84 EV/EBITDA: 12.35
Market Cap: $23.76B Avg. Daily Volume: 3,177,510 52 Week Range: $43.47 – $59.68

5. salesforce.com, inc. (CRM): $72.44

Shares of this software-as-a-service (SaaS) provider were sold by 5 insiders:

  • Chairman of the Board & CEO Marc Benioff sold 62,500 shares for $72.51, generating $4.53 million from the sale.
  • EVP, General Counsel Amy E. Weaver sold 7,062 shares for $72.87, generating $514,626 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Co-Founder Parker Harris sold 5,000 shares for $72.87, generating $364,339 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Pres., Sales & Cust. Success Maria Martinez sold 1,574 shares for $72.50, generating $114,115 from the sale.
  • Director John Victor Roos sold 180 shares for $72.16, generating $12,989 from the sale.

You can view the list of recent insider transactions for salesforce.com, inc. here.

P/E: N/A Forward P/E: 55.72 Industry P/E: 33.08
P/S: 7.2 Price/Book: 9.6 EV/EBITDA: 81.42
Market Cap: $48.60B Avg. Daily Volume: 6,011,640 52 Week Range: $52.6 – $82.9

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – March 18, 2016

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March 20, 2016 | Insider Buying | Author Asif

Welcome to edition 300 of Insider Weekends. Insider buying more than doubled last week with insiders buying $269.24 million of stock compared to $103.49 million in the week prior. Selling on the other hand decreased with insiders selling $1.33 billion of stock last week compared to $2.15 billion in the week prior.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 4.93. In other words, insiders sold almost 5 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 20.79. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio March 18, 2016

Insider Sell Buy Ratio March 18, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Incyte Corporation (INCY): $65.07

Director Julian Baker acquired 800,000 shares of this drug discovery and development company, paying $63.98 per share for a total amount of $51.18 million. These shares were acquired indirectly through Baker Brothers Life Sciences Capital and other related entities.

You can view the list of recent insider transactions for Incyte Corporation here.

P/E: 2 Forward P/E: 51.24 Industry P/E: 26.02
P/S: 15.66 Price/Book: 68.76 EV/EBITDA: 195.89
Market Cap: $12.18B Avg. Daily Volume: 2,446,020 52 Week Range: $55 – $133.62

2. Seattle Genetics, Inc. (SGEN): $33.92

Director Felix Baker acquired 1,349,237 shares of this biotech company, paying $32.10 per share for a total amount of $43.31 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

This is the fifth week in a row we have seen the Baker Bros add to their position and the total this week exceeds the purchases we saw in each of the prior four weeks.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 26.02
P/S: 13.71 Price/Book: 6.72 EV/EBITDA: -38.49
Market Cap: $4.75B Avg. Daily Volume: 1,359,660 52 Week Range: $26.02 – $52.33

3. OvaScience, Inc. (OVAS): $8.74

Chief Executive Officer Michelle Dipp acquired 221,761 shares of this biotech company, paying $7.68 per share for a total amount of $1.7 million. These shares were purchased indirectly by Longwood Fund III LP.

We normally tend to exclude purchases made by venture capital firms like Longwood but decided to make an exception in this case because Ms. Dipp is both the co-founder and partner of Longwood as well as the CEO and co-founder of OvaScience.

You can view the list of recent insider transactions for OvaScience, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 779.01 Price/Book: 1.7 EV/EBITDA: -1.57
Market Cap: $238.60M Avg. Daily Volume: 486,634 52 Week Range: $4.53 – $55.69

4. Tempur Sealy International Inc. (TPX): $63.19

Shares of this bedding products company were acquired by 2 insiders:

  • CEO & President Scott L. Thompson acquired 35,000 shares, paying $57.67 per share for a total amount of $2.02 million. Mr. Thompson increased his stake by 50.23% to 104,686 shares with this purchase.
  • EVP & President North America Richard W. Anderson acquired 17,430 shares, paying $57.32 per share for a total amount of $999,091. Mr. Anderson increased his stake by 50.18% to 52,162 shares with this purchase.

You can view the list of recent insider transactions for Tempur Sealy International Inc. here.

P/E: 54.01 Forward P/E: 13.95 Industry P/E: 16.26
P/S: 1.23 Price/Book: 13.32 EV/EBITDA: 13.23
Market Cap: $3.94B Avg. Daily Volume: 1,319,000 52 Week Range: $50.8 – $82.61

5. Sarepta Therapeutics, Inc. (SRPT): $18

Shares of this biotech company were acquired by 3 insiders:

  • Director M. Kathleen Behrens acquired 75,000 shares, paying $16.28 per share for a total amount of $1.22 million. Ms. Behrens increased her stake by 201.80% to 112,166 shares with this purchase. 10,000 of these shares were purchased indirectly through a trust.
  • Director Richard Barry acquired 75,000 shares, paying $15.66 per share for a total amount of $1,174,185. Mr. Barry increased his stake by 2.37% to 3,241,014 shares with this purchase.
  • Director Ben Gil Price acquired 4,500 shares, paying $16.70 per share for a total amount of $75,144. Mr. Price increased his stake by 11.74% to 42,830 shares with this purchase.

You can view the list of recent insider transactions for Sarepta Therapeutics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 26.02
P/S: 620.66 Price/Book: 4.08 EV/EBITDA: -3.18
Market Cap: $822.00M Avg. Daily Volume: 1,943,750 52 Week Range: $10.2 – $41.97

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Workday, Inc. (WDAY): $72

Shares of this application software company were sold by 6 insiders:

  • Chairman David A. Duffield sold 350,000 shares for $70.29, generating $24.6 million from the sale. These shares were sold indirectly by The Dave & Cheryl Duffield Foundation.
  • Vice Chairman Michael A. Stankey sold 141,000 shares for $47.23, generating $6.66 million from the sale. 47,000 of these shares were sold as a result of exercising options immediately prior to the sale.
  • Co-President Philip W. Wilmington sold 34,275 shares for $70.43, generating $2.41 million from the sale.
  • Senior Vice President James Bozzini sold 12,500 shares for $71.02, generating $887,742 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • Co-President & CFO Mark S. Peek sold 8,817 shares for $72.31, generating $637,557 from the sale.
  • Director Michael M. McNamara sold 3,400 shares for $69.79, generating $237,286 from the sale. These shares were sold indirectly by Flextronics International USA, Inc. 2005 Senior Executive Deferred Compensation Plan.

You can view the list of recent insider transactions for Workday, Inc. here.

P/E: N/A Forward P/E: 257.14 Industry P/E: 32.42
P/S: 11.62 Price/Book: 11.89 EV/EBITDA: -69.36
Market Cap: $13.82B Avg. Daily Volume: 2,710,000 52 Week Range: $47.32 – $93.62

2. Facebook, Inc. (FB): $111.45

Shares of Facebook were sold by 4 insiders:

  • Chief Operating Officer Sheryl Sandberg sold 109,000 shares for $111.46, generating $12.15 million from the sale. 52,504 of these shares were sold as a result of exercising options immediately prior to the sale.
  • Chief Product Officer Christopher K. Cox sold 21,534 shares for $109.78, generating $2.36 million from the sale.
  • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $109.13, generating $2.18 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
  • VP and General Counsel Colin Stretch sold 1,000 shares for $109.13, generating $109,130 from the sale.

You can view the list of recent insider transactions for Facebook, Inc. here.

P/E: 86.19 Forward P/E: 26.99 Industry P/E: 30
P/S: 17.63 Price/Book: 7.12 EV/EBITDA: 36.3
Market Cap: $326.92B Avg. Daily Volume: 34,875,600 52 Week Range: $72 – $117.59

3. Reynolds American Inc. (RAI): $50.69

Shares of this cigarettes manufacturer were sold by 12 insiders:

  • EVP & Chief Financial Officer Andrew D. Gilchrist sold 49,180 shares for $51.19, generating $2.52 million from the sale.
  • EVP, Gen. Counsel & Asst. Sec Martin L. Holton sold 41,752 shares for $51.19, generating $2.14 million from the sale.
  • EVP of RJRTC Jeffery S. Gentry sold 35,855 shares for $51.19, generating $1.84 million from the sale.
  • EVP & Chief HR Officer Lisa J. Caldwell sold 33,499 shares for $51.19, generating $1.71 million from the sale. 2,007 of these shares were sold indirectly by Ms. Lisa’s spouse.
  • EVP – Public Affairs John Brice O’Brien sold 29,097 shares for $51.19, generating $1.49 million from the sale.
  • EVP – R&D of RJRT Daniel J. Herko sold 27,196 shares for $51.19, generating $1.39 million from the sale.
  • Executive Vice President Robert H. Dunham sold 22,262 shares for $51.19, generating $1.14 million from the sale.
  • SVP & Chief Accounting Officer Frederick W. Smothers sold 19,082 shares for $51.19, generating $976,786 from the sale.
  • SVP, Deputy GC & Secretary McDara Folan sold 17,498 shares for $51.19, generating $895,656 from the sale.
  • SVP & Treasurer Daniel A. Fawley sold 16,577 shares for $51.19, generating $848,531 from the sale.
  • EVP – Trade Marketing of RJRT Michael P. Auger sold 9,828 shares for $51.19, generating $503,067 from the sale.
  • EVP – Operations of RJRT Nancy H. Hawley sold 6,817 shares for $51.19, generating $348,938 from the sale.

You can view the list of recent insider transactions for Reynolds American Inc. here.

P/E: 19.72 Forward P/E: 19.42 Industry P/E: 21.83
P/S: 6.78 Price/Book: 3.96 EV/EBITDA: 20.6
Market Cap: $72.35B Avg. Daily Volume: 5,271,540 52 Week Range: $33.71 – $52.54

4. The Priceline Group Inc. (PCLN): $1344.22

Shares of this online travel company were sold by 3 insiders:

  • Chief Financial Officer Daniel J. Finnegan sold 5,871 shares for $1341.94, generating $7.88 million from the sale.
  • Executive VP, General Counsel Peter J. Millones sold 5,871 shares for $1321.38, generating $7.76 million from the sale.
  • President & COO, Booking.com Gillian Tans sold 130 shares for $1315.15, generating $170,970 from the sale.

You can view the list of recent insider transactions for The Priceline Group Inc. here.

P/E: 27.18 Forward P/E: 16.61 Industry P/E: 19.03
P/S: 7.24 Price/Book: 7.6 EV/EBITDA: 20.05
Market Cap: $66.70B Avg. Daily Volume: 731,987 52 Week Range: $954.02 – $1476.52

5. Activision Blizzard, Inc. (ATVI): $32.2

CEO, Activision Publishing Eric Hirshberg sold 287,847 shares of this multimedia & graphics software company for $32.47, generating $9.35 million from the sale. 120,858 of these shares were sold as a result of exercising options immediately prior to the sale.

You can view the list of recent insider transactions for Activision Blizzard, Inc. here.

P/E: 27.06 Forward P/E: 15.48 Industry P/E: 21.41
P/S: 5.12 Price/Book: 2.96 EV/EBITDA: 18.22
Market Cap: $23.67B Avg. Daily Volume: 10,418,000 52 Week Range: $22.28 – $39.93

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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Insider Weekends – March 11, 2016

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March 13, 2016 | Insider Buying | Author Asif

Welcome to edition 299 of Insider Weekends. Insider buying increased last week with insiders buying $103.49 million of stock compared to $85.92 million in the week prior. Selling on the other hand decreased slightly with insiders selling $2.15 billion of stock last week compared to $2.2 billion in the week prior.

Amongst the insider purchases this week, the purchases by a trio of insiders at real estate investment and services company Kennedy-Wilson Holdings (KW) stood out the most and is probably worth exploring further. The company has been growing both the top line and their bottom line at a rapid clip over the last three years and the high valuation investors have afforded the company reflects this growth. As is usually the case with high growth companies, the stock can be very volatile and Kennedy-Wilson’s stock was no exception, losing 40% of its value from December 1, 2015 through February 11, 2016. Beyond general market weakness, I have not been able to determine a reason for this large drop. The stock recouped much of those losses over the last four weeks and it was interesting to see the insiders buy even after that recovery.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 20.79. In other words, insiders sold almost 21 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 25.65. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

Insider Sell Buy Ratio March 11, 2016

Insider Sell Buy Ratio March 11, 2016

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Seattle Genetics, Inc. (SGEN): $33.36

Director Felix Baker acquired 1,043,989 shares of this biotech company, paying $32.36 per share for a total amount of $33.78 million. These shares were purchased indirectly by Baker Bros. Advisors LP.

This is the fourth week in a row we have seen the Baker Bros add to their position.

You can view the list of recent insider transactions for Seattle Genetics, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: 25.16
P/S: 13.49 Price/Book: 6.61 EV/EBITDA: -37.75
Market Cap: $4.67B Avg. Daily Volume: 1,302,890 52 Week Range: $26.02 – $52.33

2. Avangrid, Inc. (AGR): $38.32

Director Sanchez Galan Ignacio acquired 100,000 shares of this diversified energy and utility company, paying $38.47 per share for a total amount of $3.85 million.

You can view the list of recent insider transactions for Avangrid, Inc. here.

P/E: N/A Forward P/E: 19.06 Industry P/E: N/A
P/S: 2.35 Price/Book: N/A EV/EBITDA: 7.96
Market Cap: $11.84B Avg. Daily Volume: 913,522 52 Week Range: $32.45 – $42.4

3. Kennedy-Wilson Holdings, Inc. (KW): $21.97

Shares of this real estate investment and services company were acquired by 3 insiders:

  • Chief Executive Officer William J. McMorrow acquired 100,000 shares, paying $20.74 per share for a total amount of $2.07 million. These shares were purchased indirectly through a trust.
  • Executive Vice President Matthew Windisch acquired 10,000 shares, paying $20.74 per share for a total amount of $207,429. Mr. Windisch increased his stake by 1.64% to 621,279 shares with this purchase.
  • General Counsel Kent Y. Mouton acquired 4,800 shares, paying $20.74 per share for a total amount of $99,565. Mr. Mouton increased his stake by 0.90% to 537,328 shares with this purchase.

You can view the list of recent insider transactions for Kennedy-Wilson Holdings, Inc. here.

P/E: 33.29 Forward P/E: 36.62 Industry P/E: 17.15
P/S: 3.41 Price/Book: 2.11 EV/EBITDA: 21.36
Market Cap: $2.52B Avg. Daily Volume: 548,730 52 Week Range: $15.74 – $26.98

4. TASER International Inc. (TASR): $19.53

Director Hadi Partovi acquired 100,000 shares of this Taser, paying $19.85 per share for a total amount of $1.99 million. Mr. Partovi increased his stake by 59.74% to 267,406 shares with this purchase.

You can view the list of recent insider transactions for TASER International Inc. here.

P/E: 54.25 Forward P/E: 39.86 Industry P/E: 18.38
P/S: 5.24 Price/Book: 6.61 EV/EBITDA: 24.6
Market Cap: $1.05B Avg. Daily Volume: 1,477,180 52 Week Range: $13.56 – $35.95

5. EndoChoice Holdings, Inc. (GI): $4.86

Shares of this medical device company were acquired by 4 insiders:

  • Director David L. Kaufman acquired 227,700 shares, paying $4.64 per share for a total amount of $1.06 million. These shares were purchased indirectly by Envest III, LLC.
  • Director J. Scott Carter acquired 71,595 shares, paying $4.67 per share for a total amount of $334,582. These shares were purchased indirectly through a trust.
  • Director William R. Enquist acquired 10,000 shares, paying $4.74 per share for a total amount of $47,414. Mr. Enquist increased his stake by 88.89% to 21,250 shares with this purchase.
  • Chief Financial Officer David N. Gill acquired 7,000 shares, paying $4.75 per share for a total amount of $33,250. These shares were purchased indirectly through a trust.

You can view the list of recent insider transactions for EndoChoice Holdings, Inc. here.

P/E: N/A Forward P/E: N/A Industry P/E: N/A
P/S: 1.59 Price/Book: 1.04 EV/EBITDA: -2.17
Market Cap: $120.51M Avg. Daily Volume: 130,802 52 Week Range: $3.7 – $19.69

You can view the full list of purchases from this Insider Buying page.

Notable Insider Sales:

1. Allegiant Travel Company (ALGT): $169.97

CEO and President Maurice J. Gallagher Jr. sold 292,200 shares of this airline for $163.50, generating $47.77 million from the sale. These shares were sold indirectly through a trust.

You can view the list of recent insider transactions for Allegiant Travel Company here.

P/E: 13.14 Forward P/E: 11.88 Industry P/E: 11.77
P/S: 2.22 Price/Book: 8 EV/EBITDA: 6.8
Market Cap: $2.86B Avg. Daily Volume: 194,392 52 Week Range: $134.64 – $238.13

2. Vector Group Ltd. (VGR): $23.24

Shares of this cigarettes company were sold by 2 insiders:

  • President and CEO Howard M. Lorber sold 500,000 shares for $23.27, generating $11.64 million from the sale. These shares were sold indirectly by Lorber Alpha II Limited Partnership and Lorber Gamma Limited Partnership.
  • Director Bennett S. Lebow sold 100,000 shares for $23.56, generating $2.36 million from the sale. These shares were sold indirectly by LeBow Epsilon 2001 Limited Partnership.

You can view the list of recent insider transactions for Vector Group Ltd. here.

P/E: 48.42 Forward P/E: 26.71 Industry P/E: 21.24
P/S: N/A Price/Book: N/A EV/EBITDA: N/A
Market Cap: $2.85B Avg. Daily Volume: 726,910 52 Week Range: $19.64 – $25.6

3. Fitbit Inc. (FIT): $14.51

Director Steven Joseph Murray sold 1,000,000 shares of this health and fitness tracking devices provider for $13.07, generating $13.07 million from the sale. These shares were sold indirectly by Softbank PrinceVille Investments, LP.

You can view the list of recent insider transactions for Fitbit Inc. here.

P/E: 19.4 Forward P/E: 10.36 Industry P/E: 20.97
P/S: 1.53 Price/Book: 2.9 EV/EBITDA: 6.69
Market Cap: $2.99B Avg. Daily Volume: 8,441,840 52 Week Range: $11.91 – $51.9

4. Cigna Corp. (CI): $144.62

Shares of this health services organization were sold by 2 insiders:

  • President & CEO David Cordani sold 71,006 shares for $138.71, generating $9.85 million from the sale.
  • Pres. US Comm Mkts & Gbl HC Op Matthew G. Manders sold 14,586 shares for $138.68, generating $2.02 million from the sale.

You can view the list of recent insider transactions for Cigna Corp. here.

P/E: 17.99 Forward P/E: 14.39 Industry P/E: 21.83
P/S: 0.96 Price/Book: 3.03 EV/EBITDA: 9.89
Market Cap: $37.10B Avg. Daily Volume: 1,395,590 52 Week Range: $123.01 – $170.68

5. Atmel Corporation (ATML): $8.12

Shares of this semiconductor company were sold by 3 insiders:

  • President & CEO Steven Laub sold 1,145,865 shares for $8.10, generating $9.28 million from the sale.
  • SVP, General Manager Reza Kazerounian sold 239,979 shares for $8.10, generating $1.94 million from the sale.
  • VP, CAO Hugo De La Torre sold 39,955 shares for $8.12, generating $324,435 from the sale.

You can view the list of recent insider transactions for Atmel Corporation here.

P/E: 135.33 Forward P/E: 20.82 Industry P/E: 38.51
P/S: 2.9 Price/Book: 3.9 EV/EBITDA: 26.93
Market Cap: $3.42B Avg. Daily Volume: 7,812,350 52 Week Range: $5.84 – $10.5

You can view the full list of sales from this Insider Sales page.

Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

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