This article summarizes the most significant insider buying and selling activities for US stocks reported on Thursday, December 12, 2024.
Top Insider Buys:
DSS, Inc. (AMEX:DSS): Chan Heng Fai Ambrose, Executive Chairman of DSS, Inc., and Alset Inc., a company he controls, made substantial stock purchases amid challenging market conditions. On December 10, 2024, Alset Inc. acquired 820,597 shares of DSS common stock, while Mr. Chan directly purchased an additional 205,149 shares. Both transactions were executed at $0.9749 per share, totaling approximately $999,999. These acquisitions further solidify Mr. Chan's position as a major stakeholder in DSS, with a combined ownership of 5,148,664 shares.
Contango ORE, Inc. (AMEX:CTGO): Rick Van Nieuwenhuyse, President and CEO of Contango ORE, Inc., acquired 10,000 shares of the company's common stock. The shares were purchased at prices ranging from $12.65 to $13.09. Following this acquisition, Van Nieuwenhuyse holds a total of 498,332 shares in the company, representing a significant stake in the $143 million market cap company. Additionally, Van Nieuwenhuyse holds stock options for 100,000 shares, which are fully vested and have an exercise price of $14.50, set to expire on January 6, 2025.
Mach Natural Resources LP (NASDAQ:MNR): William McMullen, a director and significant stakeholder in Mach Natural Resources LP, made substantial stock purchases over three days. McMullen acquired a total of 336,758 common units through BCE-Mach Aggregator LLC, with transactions amounting to approximately $5,040,537. The purchases were made at prices ranging from $14.83 to $15.01 per unit, near the stock's 52-week low of $14.40. As of December 12, 2024, McMullen holds 68,563,391 shares following these acquisitions.
Senseonics Holdings, Inc. (AMEX:NYSE:SENS): Frederick T. Sullivan, Chief Financial Officer of Senseonics Holdings, Inc., acquired 124,933 shares of the company's common stock on December 12, 2024. The shares were purchased at an average price of $0.38 per share, totaling $47,474. This transaction increases Sullivan's direct ownership to 2,478,844 shares. The shares were acquired in multiple transactions, with prices ranging from $0.363 to $0.40.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY): Kevin Sheehan, Interim CEO of Dave & Buster's Entertainment, Inc., acquired 37,735 shares of common stock. The shares were purchased at a weighted average price of $25.4776, with the total transaction valued at approximately $961,397. Following this purchase, Sheehan directly owns 139,011 shares of the company.
Top Insider Sells:
Cloudflare, Inc. (NYSE:NYSE:NET): Michelle Zatlyn, President and COO of Cloudflare, Inc., sold a significant number of shares over three consecutive days, resulting in a total value of approximately $8.68 million. These sales occurred between December 10 and December 12, 2024, with prices ranging from $112.0162 to $113.6421 per share. Zatlyn's transactions involved the sale of Class A Common Stock in multiple batches, totaling 61,536 shares.
AppLovin Corp (NASDAQ:APP): Chen Herald Y, a director at AppLovin Corp, reported significant stock sales totaling approximately $41.9 million. The transactions were executed at prices ranging from $316.48 to $353.25 per share. Chen also sold an additional 118,622 shares of the company's Class A Common Stock on December 10, 2024, at prices ranging from $320.12 to $348.20, amounting to approximately $63.9 million. In addition to the stock sales, Chen exercised stock options to acquire 200,000 shares at a price of $5.05 per share.
Vertex (NASDAQ:VRTX), Inc. (NASDAQ:VERX): David DeStefano, President and CEO of Vertex, Inc., sold a total of 381,100 shares, generating approximately $20.97 million. The shares were sold at prices ranging from $54.50 to $55.515 per share. In addition to these sales, DeStefano exercised stock options on December 10, 11, and 12, acquiring a total of 724,993 shares at prices between $0.153 and $2.50 per share.
Investors should stay tuned to insider buying and selling activities as they can provide valuable insights into a company's prospects. While insider transactions alone should not be the sole basis for investment decisions, they can offer clues about management's confidence in the company's future performance. However, it's essential to consider these transactions in context with other fundamental and technical analysis factors before making any investment choices.
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