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Insider Weekends: Richard Wallman’s Largest Purchase Of Roper Technologies In Over 10 Years

  • June 12, 2021

Welcome to edition 572 of Insider Weekends. Insider buying decreased last week with insiders purchasing $31.91 million of stock purchased compared to $46.04 million in the week prior. Selling also decreased to $2.17 billion compared to $2.26 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 went up to 67.99. In other words, insiders sold almost 68 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week when the ratio stood at 49.08.

I wouldn’t be particularly alarmed by this increase in the Sell/Buy ratio as most companies are entering their earnings related quiet periods and insider activity is likely to remain muted in coming weeks.

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): $46.47

President, CEO, & Chairman Dustin A. Moskovitz acquired 500,000 shares of this project management software company, paying $39.49 per share for a total amount of $19.74 million. Mr. Moskovitz increased his stake by 62.50% to 1,300,000 shares with this purchase.

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