Insider Trading Thur 6/13/24

Notable purchases -- Buffett adds to OXY; notable sales -- CPO active in RAMP

Buyers:

• BL co-Chief Executive Officer bought 7,552 shares at $45.92 - $46.31 worth approx. $348K.
• BOC Director bought 30,000 shares at $13.89 - $14.12 worth approx. $421K.
• CLF Chief Financial Officer and two (2) Directors bought 21,450 shares combined worth approx. $319K.
• DINO Director bought 2000 shares at $52.04 worth ~$104K.
• HWKN Director bought 4,000 shares at $85.50 - $89.44 worth approx. $351K.
• KRON President and Chief Executive Officer bought 3,005,122 shares worth more than $3 mln.
• OEC SVP Global Operations bought 4,000 shares at $23.51 worth approx. $94K.
• OXY  10% owner Berkshire Hathaway's (BRK.A) Warren Buffett bought 1,750,308 shares worth approx. $105.6 mln.
• PEB Chairman and Chief Executive Officer bought 45,000 shares at $13.48 - $13.72 worth about $611K.
• PKOH Director bought 15000 shares at $24.67 - $26.08 worth ~$377K.
• TLS Director bought 283,566 shares at $3.99 - $4.19 worth more than $1.1 mln.
• WSR Director bought 17,000 shares at $13.09 worth about $223K.

Sellers:

• ACVA Director sold 22,958 shares at $18.01 - $18.39 worth approx. $416K.
• ALTR 10% owner sold 200,000 shares at $91.44 - $98.00 worth nearly $19 mln.
• CCOI Chairman, Chief Executive Officer, and President sold 60,000 shares at $54.60 worth approx. $3.3 mln.
• RAMP Chief Product Officer sold 13,055 shares at $31.11 worth ~$406K.

Insider Trading Fri 4/12/24

Notable purchases -- CEO adds to SGH; notable sales -- EVP active in WLY 

Buyers:

• ATOS Director bought 25,000 shares at $1.74 - $1.78 worth ~$44K.
• NEOG Director bought 7,500 shares at $13.0648 worth ~$98K.
• SGH President & CEO bought 10,000 shares at $18.775 - $18.79 worth ~$188K.

Sellers:

• ALTR 10% owner sold 12,783 shares at $85.42 - $86.63 worth nearly $1.1 mln.
• PFSI Chairman & CEO sold 10,000 shares at $89.61 - $91.46 worth ~$907K.
• WLY EVP, Chief People Officer sold 3,459 shares at $38.7125 worth ~$134K.

Neogen seeing some recent insider buys

• Neogen (NEOG) is trading lower today, but we wanted to flag it for investors. We have noticed a good amount of insider buying in NEOG following its slide in recent months, including a post-earnings sell-off on April 9.
• On April 12, a NEOG Director bought 7,500 shares at $13.0648 worth ~$98K. Before that, on April 10, its CFO bought 12500 shares at $12.51 worth ~$156K and its CEO bought 23000 shares at $12.36 worth ~$284K.
• This food and animal safety company reported strong EPS upside on Tuesday, but it also offered some pretty significant revenue downside guidance for FY24 revs. With just one quarter left in the fiscal year, that portends a pretty weak Q4 (May) result.
• A little context would be helpful. 3M recently separated its food safety business which combined with Neogen in a Reverse Morris Trust transaction. This transaction has been completed, however, Neogen is now integrating the former 3M Food Safety business. Neogen says the resulting increase in volumes in its primary distribution facility, has created operational inefficiencies that Neogen continues to manage through.
• The good news is that Neogen believes these inefficiencies are temporary, but they are currently affecting order fulfilment rates and preventing Neogen from meeting end-market demand on a consistent basis.
• NEOG's recent slide pre-dates this earnings report, the stock was trading above $21 as recently as late December and is now around $12.50. These insider buys tell us that management sees value down here and it lends credence to management's view that it sees the 3M integration problems as temporary.

Insider Trading : Wed 6/7/23

Notable purchases -- CEO/10% owner adds to ZUMZ; notable sales -- CEO active in ALTR

Buyers:

• ATHA Chief Financial Officer and Chief Business Officer bought 65,012 shares at $2.85 - $3.02 worth ~$192K.
• DE Director bought 675 shares at $ $370.57 - $371.38 worth ~$250K.
• FCPT President and CEO bought 7,600 shares at $26.05 - $26.08 worth ~$198K.
• ISTR Director bought 10,000 shares at $11.25 - $11.57 worth ~$114K.
• PRAA Director bought 7,425 shares at $20.16 - $20.20 worth ~$150K.
• ZUMZ CEO/10% owner and President - International bought a total of 84,930 shares at $13.22 - $14.67 worth ~$1.1 mln.

Sellers:

• ALTR CEO sold 9,267 shares at $73.88 - $74.64 worth ~$689K.

Altera (ALTR) acquired by Intel (INTC) for $16.7 billion

• Altera (ALTR) acquired by Intel (INTC) for $16.7 billion in June, 2015.