Insider Weekends – Susan Wojcicki Acquires 6,000 Shares of Salesforce.com

Welcome to edition 409 of Insider Weekends. Insider buying decreased last week with insiders purchasing $14.96 million of stock compared to $36.98 million in the week prior. Selling on the other hand increased with insiders selling $692.06 million of stock last week compared to $562.24 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 46.26. In other words, insiders sold more than 46 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 15.26.

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. Entercom Communications Corp. (ETM): $10.05

Chairman Emeritus Joseph M. Field acquired 431,838 shares of this radio broadcasting company, paying $9.66 per share for a total amount of $4.17 million. Mr. Field increased his stake by 7.34% to 6,318,735 shares with this purchase.

Another week and another insider purchase by Mr. Field. Since Entercom released results last month, he has purchase 2.45 million shares worth $23.89 million.

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

2. JPMorgan Chase & Co. (JPM): $111.47

Director Mellody L. Hobson acquired 18,000 shares of JP Morgan, paying $111.05 per share for a total amount of $1.99 million. These shares were purchased indirectly through a trust.

You can view the list of recent insider transactions for JPMorgan Chase & Co. here.

3. salesforce.com, inc. (CRM): $122.82

Director Susan Wojcicki acquired 6,000 shares of this cloud software company, paying $123.81 per share for a total amount of $742,854. Ms. Wojcicki increased her stake by 11.45% to 58,393 shares with this purchase.

Considering most other insiders of salesforce.com are actively selling stock, it is hard to read much into Ms. Wojcicki’s purchase but she has been buying once a month since the start of this year. This purchase was also noticed by Barron’s and they published a short article about Ms. Wojcicki’s purchases of Salesforce.com on Friday.

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

4. J.Jill, Inc. (JILL): $5.11

Director Travis Nelson acquired 100,000 shares of this apparel chain, paying $5.00 per share for a total amount of $499,799. These shares were purchased indirectly by Eclipse Investors LLC.

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

5. Tupperware Brands Corporation (TUP): $41.69

Shares of this kitchen products company were acquired by 3 insiders:

• Director Kriss Cloninger III acquired 5,000 shares, paying $41.91 per share for a total amount of $209,550. Mr. Cloninger increased his stake by 13.95% to 40,833 shares with this purchase.
• Director David R. Parker acquired 3,000 shares, paying $41.70 per share for a total amount of $125,100. Mr. Parker increased his stake by 14.26% to 24,039 shares with this purchase.
• Exec. Vice President Lillian D. Garcia acquired 2,320 shares, paying $43.18 per share for a total amount of $100,184. Ms. Garcia increased her stake by 20.07% to 13,879 shares with this purchase.

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

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

Notable Insider Sales:

1. Facebook, Inc. (FB): $166.28

Shares of Facevook were sold by 2 insiders:

• COB and CEO Mark Zuckerberg sold 725,000 shares for $165.75, generating $120.17 million from the sale. These shares were sold indirectly through various entities.
• Chief Operating Officer Sheryl Sandberg sold 55,000 shares for $166.84, generating $9.18 million from the sale. These shares were sold indirectly through a trust.

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

2. IHS Markit Ltd. (INFO): $49.27

Shares of this business services company were sold by 2 insiders:

• CEO and Chairman of the Board Lance Darrell Uggla sold 220,000 shares for $48.79, generating $10.73 million from the sale.
• EVP, Financial Markets Adam Jason Kansler sold 20,000 shares for $49.04, generating $980,800 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 IHS Markit Ltd. here.

3. Sage Therapeutics, Inc. (SAGE): $148.01

Director Kevin P. Starr sold 59,000 shares of this biotech company for $168.85, generating $9.96 million from the sale.

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

4. LendingTree, Inc. (TREE): $318.45

Chairman & CEO Douglas R. Lebda sold 29,500 shares of this online loan company for $319.01, generating $9.41 million from the sale.

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

5. National Instruments Corporation (NATI): $50.31

Shares of this software and modular hardware provider for measurement, wireless and control systems were sold by 2 insiders:

• Director James J. Truchard sold 142,500 shares for $50.79, generating $7.24 million from the sale.
• Director Jeffrey L. Kodosky sold 1,600 shares for $50.67, generating $81,072 from the sale. 1,000 of these shares were sold indirectly through a trust and 300 shares were sold indirectly by Mr. Kodosky’s spouse.

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

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

The list of all insider purchases and sales by management people is only available to InsideArbitrage Premium and Plus members.

Disclaimer: I hold a long position in Entercom Communications (ETM). 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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