While we tend to focus on a single insider purchase or sale each week in these articles, there are times where we find multiple fascinating transactions worth exploring. This week was one of those times, and we found a number of ideas worth diving a bit deeper into including one that was related to a “flip-flopping” insider that was selling stock and has now turned around and is buying instead. So rather than spend the entire article writing about a single company, we’ve written briefly about multiple businesses we found quite interesting in the list of top five insider purchases and sales below.
Editor’s Note: Tamanna Suria contributed to this article.
Welcome to edition 812 of Insider Weekends. Insider buying increased sharply once again with insiders purchasing $274.59 million of stock compared to $188.43 million in the week prior. Insider selling doubled to $3.75 billion compared to $1.87 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 the total insider purchases that week. The adjusted ratio last week increased to 13.67. In other words, insiders sold nearly 14 times as much stock as they purchased. This week the Sell/Buy ratio was favorable compared to the prior week, when the ratio stood at 9.94.
Notable Insider Buys:
1. Blend Labs Inc. (BLND): $3
Director Brian Niranjan Sheth acquired 2,255,052 shares of this loan origination software company, paying $3.02 per share for a total amount of $6.80 million. These shares were acquired indirectly through Haveli Investments.