Welcome to edition 287 of Insider Weekends. Insider buying decreased last week with insiders buying $308.73 million of stock compared to $596.73 million in the week prior. Selling on the other hand increased with insiders selling $871.89 million of stock last week compared to $767.16 million in the week prior. Despite the decline in insider buying, insider buying remains elevated as insider buying tracks below $200 million most weeks.
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 2.82. In other words, insiders sold almost 3 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 1.29. 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.
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. Restaurant Brands International Inc. (QSR): $36.7
Shares of this operator of Burger King and Tim Hortons were acquired by 3 insiders:
You can view the list of recent insider transactions for Restaurant Brands International Inc. here.
P/E: N/A | Forward P/E: 28.45 | Industry P/E: N/A |
P/S: 2.14 | Price/Book: 5.01 | EV/EBITDA: 14.47 |
Market Cap: $8.08B | Avg. Daily Volume: 1,237,290 | 52 Week Range: $34.19 – $45.71 |
2. Sears Holdings Corporation (SHLD): $19.46
Shares of this department stores chain were acquired by 2 insiders:
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: 19.89 |
P/S: 0.08 | Price/Book: N/A | EV/EBITDA: -5.9 |
Market Cap: $2.07B | Avg. Daily Volume: 643,278 | 52 Week Range: $18.03 – $46.23 |
3. Prospect Capital Corporation (PSEC): $6.64
Shares of this business development company were acquired by 3 insiders:
You can view the list of recent insider transactions for Prospect Capital Corporation here.
P/E: 8.18 | Forward P/E: 6.57 | Industry P/E: 13.77 |
P/S: 3.03 | Price/Book: 0.66 | EV/EBITDA: N/A |
Market Cap: $2.36B | Avg. Daily Volume: 2,760,620 | 52 Week Range: $5.3 – $8.85 |
4. New Mountain Finance Corporation (NMFC): $12.9
Shares of this business development company were acquired by 6 insiders:
You can view the list of recent insider transactions for New Mountain Finance Corporation here.
P/E: N/A | Forward P/E: N/A | Industry P/E: 13.77 |
P/S: N/A | Price/Book: N/A | EV/EBITDA: N/A |
Market Cap: $N/A | Avg. Daily Volume: N/A | 52 Week Range: $12.01 – $15.19 |
5. Intrexon Corporation (XON): $31.28
Chief Executive Officer Randal J. Kirk acquired 124,475 shares of this biotech company, paying $29.85 per share for a total amount of $3.72 million. These shares were purchased indirectly by Kapital Joe.
You can view the list of recent insider transactions for Intrexon Corporation here.
P/E: N/A | Forward P/E: N/A | Industry P/E: 27.84 |
P/S: 22.69 | Price/Book: 5.15 | EV/EBITDA: -30.29 |
Market Cap: $3.64B | Avg. Daily Volume: 2,199,750 | 52 Week Range: $24.41 – $69.45 |
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. ServiceNow, Inc. (NOW): $85.73
Shares of this software-as-a-service provider were sold by 2 insiders:
You can view the list of recent insider transactions for ServiceNow, Inc. here.
P/E: N/A | Forward P/E: 147.81 | Industry P/E: 19.54 |
P/S: 15.12 | Price/Book: 26.69 | EV/EBITDA: -116.34 |
Market Cap: $13.63B | Avg. Daily Volume: 1,407,310 | 52 Week Range: $62.55 – $91.28 |
2. salesforce.com, inc. (CRM): $77.03
Shares of this software-as-a-service (SaaS) provider were sold by 3 insiders:
You can view the list of recent insider transactions for salesforce.com, inc. here.
P/E: N/A | Forward P/E: 77.81 | Industry P/E: 36.39 |
P/S: 8.26 | Price/Book: 10.96 | EV/EBITDA: 129.7 |
Market Cap: $51.15B | Avg. Daily Volume: 3,695,470 | 52 Week Range: $54.95 – $82.9 |
3. Range Resources Corporation (RRC): $21.33
Director John H. Pinkerton sold 266,235 shares of this independent natural gas company for $21.65, generating $5.76 million from the sale.
You can view the list of recent insider transactions for Range Resources Corporation here.
P/E: N/A | Forward P/E: N/A | Industry P/E: 9.26 |
P/S: 2.6 | Price/Book: 1.14 | EV/EBITDA: 5.79 |
Market Cap: $3.55B | Avg. Daily Volume: 5,071,590 | 52 Week Range: $20.84 – $65.53 |
4. The Chubb Corporation (CB): $129.84
Shares of this property & casualty insurance company were sold by 5 insiders:
You can view the list of recent insider transactions for The Chubb Corporation here.
P/E: 14.96 | Forward P/E: 16.69 | Industry P/E: 12.49 |
P/S: 2.13 | Price/Book: 1.82 | EV/EBITDA: 9.79 |
Market Cap: $29.48B | Avg. Daily Volume: 1,304,660 | 52 Week Range: $94.35 – $132.57 |
5. HubSpot, Inc. (HUBS): $55.21
Shares of this marketing automation company were sold by 2 insiders:
You can view the list of recent insider transactions for HubSpot, Inc. here.
P/E: N/A | Forward P/E: N/A | Industry P/E: 36.39 |
P/S: 11.94 | Price/Book: 15.67 | EV/EBITDA: -32.9 |
Market Cap: $1.88B | Avg. Daily Volume: 302,605 | 52 Week Range: $31.77 – $60.11 |
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.
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