This article summarizes the most significant insider buying and selling activities of US stocks reported on Tuesday, December 31, 2024.
Top Insider Buys:
Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) has seen significant insider buying activity. Paul T. Dacier, Major Shareholder, acquired 8,782 shares of Class A common stock at approximately $11.39 per share, for a total of approximately $100,026. This purchase was part of a private placement related to a business combination involving Coliseum Acquisition Corp. and Rain Enhancement Technologies, Inc. Following this transaction, Dacier now holds a total of 1,848,104 shares indirectly through Rainwater LLC. It is worth noting that RAIN, a small-cap company valued at $3.97 million, has seen a significant jump of over 430% in its stock price over the past year.
CVR Partners, LP (NYSE: ) reported a significant insider purchase by Carl C. Icahn. The billionaire investor indirectly bought 18,000 of the company’s common units through entities affiliated with him, including American Entertainment Properties Corp. and IEP Energy Holding LLC. Following these acquisitions, Icahn’s total ownership in CVR Partners now stands at 174,192 common units. CVR Partners, headquartered in Sugar Land, Texas, is a key player in the agricultural chemicals sector, specializing in the production of nitrogen fertilizers.
Tile Shop (NASDAQ:) Holdings, Inc. (NASDAQ:TTSH) has witnessed significant stock acquisitions by major stakeholders. Pleasant Lake Onshore Feeder Fund LP, Fund 1 Investments, LLC and Pleasant Lake Partners LLC jointly purchased approximately $1,197,220 worth of stock. The acquisitions took place over several transactions from December 27 to December 31, 2024, with purchase prices ranging between $6.7327 and $6.9071 per share. After these transactions, the total number of shares owned by these entities increased to 10,225,001.
BlackRock (NYSE: ) Innovation & Growth Term Trust (NYSE:BIGZ) recorded a significant insider purchase from Saba Capital Management, LP, led by Boaz Weinstein. The investment firm acquired a total of 431,872 shares in two transactions, with prices ranging from $7.45 to $7.52 per share. The total value of these transactions is approximately $3.2 million, increasing Saba Capital’s holdings in the trust to 60,047,827 shares.
Zivo Bioscience, Inc. (NASDAQ:ZIVO) reported a significant acquisition of stock by major shareholder Mark E. Strome. Through Strome Investment Management LP and Strome Group, Inc., Strome acquired 75,000 shares of Zivo Bioscience common stock at a price of $20.19 per share, for a total of approximately $1.51 million. Additionally, the related transaction included the acquisition of 7,500 common stock purchase orders, which were executed without cost on the same date.
Top insider sales:
Roivant Sciences Ltd. (NASDAQ: ) reported insider selling activity by Eric Venker, the company’s president and chief operating officer. Venker sold a total of 354,604 shares of common stock, earning approximately $4.1 million. Selling prices ranged from $11.54 to $11.82 per share. In addition to the sale, Venker also exercised stock options to purchase 500,000 shares of common stock at $3.85 per share. After these transactions, Venker’s direct ownership is 740,976 shares in the $8.6 billion market capitalization company.
Quantum-Si Incorporated (NASDAQ: ) recorded a significant insider sale by Jonathan M. Rothberg, a major shareholder and director. Rothberg sold a total of 1,000,000 shares of Class A common stock in multiple transactions, with prices ranging from $2.0701 to $2.1798 per share. The total value of this sale was approximately USD 2.12 million. The transactions were conducted under a 10b5-1 trading plan established on September 11, 2023, as part of an estate planning effort.
Green Dot Corp (NYSE:NYSE:) reported significant insider selling by Topline Capital Partners (WA:), LP, significant shareholder. The company sold a total of 959,180 shares in three transactions, with prices ranging from $10.44 to $10.54 per share, resulting in a total transaction value of approximately $10.1 million. Following these transactions, Topline Capital Partners retains ownership of 5,376,787 shares of Green Dot Corp.
ACV Auctions Inc. (NASDAQ: ACVA ) disclosed an insider sale by William Zerella, the company’s chief financial officer. Zerella sold 32,500 shares of the company’s Class A common stock at a weighted average price of $21.65, amounting to a total transaction worth $703,625. The sale was made under a Rule 10b5-1 trading plan entered into by Zerella on August 30, 2023.
Workday, Inc. (NASDAQ: ) reported a significant insider sale by David A. Duffield, a major shareholder. Duffield sold approximately $14.7 million worth of stock on December 30, 2024. The transactions involved the sale of Class A common stock at prices ranging from $259.95 to $264.12 per share. Following these transactions, Duffield retains ownership of 172,000 shares through the Dave & Cheryl Duffield Foundation, while 102,997 shares are held directly by the David A. Duffield Trust.
Reporting on insider trading activities can provide investors with valuable insights. While insider buying often signals confidence in a company’s future prospects, insider selling can occur for a variety of reasons and does not necessarily indicate a negative outlook. It is critical to consider these transactions as part of a broader analysis, including the company’s fundamentals, market conditions and overall investment strategy.
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