Welcome to edition 574 of Insider Weekends. Insider buying increased last week with insiders purchasing $197.54 million of stock purchased compared to $156.77 million in the week prior. Selling also increased to $2.28 billion compared to $1.85 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 11.53. In other words, insiders sold almost 12 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week when the ratio stood at 11.82.
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. Asana, Inc. (ASAN): $62.73
President, CEO, & Chair Dustin A. Moskovitz acquired 800,000 shares of this project management software company, paying $56.84 per share for a total amount of $45.47 million. Mr. Moskovitz increased his stake by 34.04% to 3,150,000 shares with this purchase.