🟨👀 These Execs Bought 20% of Their Company
Plus an insider that averages over 130% 90-day returns with a 100% win rate
Hello!
A pretty light week, but two super compelling insider purchases.
Before we get to the insider trades, here is my favorite trade from Yellowbrick this week.
springloading is already up 17% on this trade of CANO after finding some shenanigans between the CEO and COO.
Top CEO Trades of the Week
Reminder: you can read about how CEO Watcher works and how we calculate returns and win rates here
Topline Capital Partners - 10% Owner at $HGBL (link)
They have absolutely crushed every single previous purchase they have made over the next 90 days. Unfortunately, this is their smallest purchase ever, but their 90-day returns are insane.
Returns and Win Rate
Overall: 50% returns with an 83% win rate (5/6 trades)
1-year: 78% returns with an 83% win rate (5/6 trades)
90-day: 132% returns with a 100% win rate (6/6 trades)
Purchase Data (this week)
Total Amount Purchased: $51,954
Purchase Price: $2.99
Current Price: $3.11 (+4%)
Rating
Rating: 8
Why: Of their previous 6 purchases, the lowest 90-day return is 61% and the other 5 were all up over 100% in 90 days. Just an insane track record. The only downside here is that the purchase is quite small at only $52k. Their second smallest purchase was $96k and the average purchase size is only $400k.
Jonathon Huberman - CEO at NOGN 0.00%↑ (link)
He has terrible historic returns (all his previous purchases were made at the end of 2022 and are negative), but this purchase is one of the biggest this week and his biggest purchase by 175x!
The CTO, CFO, and 3 Directors all also bought stock.
Returns and Win Rate
Overall: 50% returns with an 83% win rate (0/8 trades)
1-year: N/A
90-day: -17% returns with a 38% win rate (3/8 trades)
Purchase Data (this week)
Total Amount Purchased: $3,035,480
Purchase Price: $3.00
Current Price: $2.18 (-27%)
Rating
Rating: 8
Why: This seems incredibly bullish. A bunch of execs bought up a TON of stock (over 20% of the company) for the first time ever and they paid a significantly higher price than the current price. It seems so insanely bullish and obvious that it makes me nervous there is something else going on that I am missing. Definitely worth a flyer in my opinion.
Have a great weekend!
Connor