👀📈 This Director just Bought $50M of Their Own Stock
Plus the CEO of a finance blog buys after the stock falls 60%, a renewable/alternative energy Director with 161% 1-year returns buys more stock, and a marketing CEO buys after the stock falls 33%
Hello!
This week we have 4 top insider stock trades:
🏦 A director at Coinbase bought an insane $50M of stock
📝 The CEO of a finance blog buys after the stock falls 60%
🛢️ A renewable/alternative energy Director with 161% 1-year returns buys more stock
📢 A marketing CEO buys after the stock falls 33%
Top CEO Trades of the Week
Reminder: you can read about how CEO Watcher works and how we calculate returns and win rates here
Tim Chen - CEO at $NRDS (link)
The stock has been hammered over the last 2 months and Tim tends to do a good job timing his purchases during dips in the stock price.
Returns and Win Rate
Overall: -12% returns with a 21% win rate (1/5 trades)
1-year: 95% returns with a 100% win rate (3/3 trades)
90-day: 27% returns with a 100% win rate (5/5 trades)
Purchase Data (this week)
Total Amount Purchased: $258,422
Purchase Price: $8.38
Current Price: $8.56 (+2%)
Rating
Rating: 7
Why: You will see a bunch today with good shorter-term returns (90-day and 1-year) and poor long-term returns. What pushes this one above the rest is that the stock is down an insane 60% in the last two months and all of his previous purchases come after stock dips and he has nailed them all so far.
Jon Bumgarner - Director at EVA 0.00%↑ (link)
While he has SUPER impressive 1-year and 90-day returns, his last three purchases have been terrible (averaging 0% 90-day returns and -80% 1-year returns). His good returns come from two trades in 2021 and 6 in 2015.
Returns and Win Rate
Overall: -52% returns with a 0% win rate (0/11 trades)
1-year: 161% returns with an 89% win rate (8/9 trades)
90-day: 148% returns with a 72% win rate (8/11 trades)
Purchase Data (this week)
Total Amount Purchased: $1,872,404
Purchase Price: $9.36
Current Price: $8.69 (-7%)
Rating
Rating: 6
Why: The stock is down 88% in the last year, his 90-day and 1-year returns are awesome, and this is his largest purchase ever. The thing that knocks this down to a 6 is just that his last 3 trades are really terrible and most of his great returns come from 2015.
Brian Linscott - CEO at $HHS (link)
Brian is the CEO of HHS, which is a global marketing service that is down 33% in just the last month. His overall returns are not good, but he has nailed the shorter-term 90-day and 1-year returns.
Returns and Win Rate
Overall: 0% returns with a 21% win rate (3/14 trades)
1-year: 94% returns with a 100% win rate (10/10 trades)
90-day: 44% returns with a 67% win rate (8/12 trades)
Purchase Data (this week)
Total Amount Purchased: $47,759
Purchase Price: $5.97
Current Price: $5.83 (-1%)
Rating
Rating: 6
Why: He has really good 90-day and 1-year returns and the stock has fallen a lot recently, but his overall returns aren’t very good and the tiny market cap ($45M) adds some risk. It is also a pretty small purchase in absolute terms, though it is his largest purchase ever.
Fred Ehrsam - Director at $COIN (link)
He doesn’t have much history or very good returns (except for his 90-day returns) and I really dislike Coinbase (I think it’s way too expensive, will get punished by the SEC, and has a terrible management team), but Fred bought $50M of stock (one of the biggest purchases this week) on the open market and Coinbase is a pretty popular stock, so I thought I’d share
Returns and Win Rate
Overall: -7% returns with a 0% win rate (0/3 trades)
1-year: -11% returns with a 0% win rate (0/3 trades)
90-day: 30% returns with a 100% win rate (3/3 trades)
Purchase Data (this week)
Total Amount Purchased: $50,035
Purchase Price: $61.77
Current Price: $60.35 (-2%)
Rating
Rating: 4
Why: If you are bullish on Coinbase or looking to play a short-term Coinbase, you might find this huge purchase interesting, but it’s super risky and not worth it in my opinion.