🟨👀 This Director Keeps Buying $VERA Stock
Plus 91% returns in 3 months after some unusual stock grants
Hello!
I hope you got less rain this week than where I live did ⛈️.
Let’s take a look at the CEO trades from this week.
91% Returns in 3 Months
The top trade on Yellowbrick this week was a user selling off the rest of their PTGX holdings for 91% gains after seeing some unusual grants given to insiders.
Yellowbrick is our main project and is a social investing platform where users connect their brokerage and anonymously share their trades (with the reason they bought the trade), holdings, and returns. You can see a feed of the best trades from other users on Yellowbrick alongside the public profiles we curate like Nancy Pelosi and the CEOWatcher account.
Join Yellowbrick to find your next trade idea by seeing a feed of the top trades!
Top CEO Trades of the Week
Reminder: you can read about how CEO Watcher works and how we calculate returns and win rates here
Beth Seidenberg - Director at VERA 1.33%↑ (link)
I tried avoiding this stock for as long as possible because it’s a risky biotech company and Beth didn’t have a ton of history, but she keeps buying a ton of the stock (on behalf of Kleiner Perkins where she is a GP).
Beth has only made three purchases before she started buying VERA, but she has now bought VERA nine times since February 9th at an average price of ~7.14 for a total of $4.1M. Notably, the stock plunged in December after mixed data from one of their trials and it’s now sitting 60% below where it was trading in November.
About 10 days ago she also stepped up her purchase size and her last two purchases have been over $600k each.
Three previous purchases (before buying VERA):
2019-10-30 (+145% 90-day returns | +90% 1-year returns)
2016-03-18 (+19% 90-day returns | +332% 1-year returns)
2012-07-06 (+11% 90-day returns | +145% 1-year returns)
Returns and Win Rate
Overall: 127% returns with a 100% win rate (11/11 trades)
1-year: 317% returns with a 100% win rate (3/3 trades)
90-day: 21% returns with a 100% win rate (3/3 trades)
Purchase Data (this week)
Total Amount Purchased: $636,914
Purchase Price: $7.13
Current Price: $7.50 (+5%)
Rating
Rating: 8
Why: The only downside here is the lack of history (only 3 previous trades before she started buying VERA), but everything else looks good: the stock price is down significantly, she has been buying up a bunch of the stock over the last month, and she has great returns.
Ronnie Morris - CEO at CSBR 0.00%↑ (link)
Not a huge purchase, but it is his first purchase since the COVID dip and he has killer returns on all of his previous purchases
Returns and Win Rate
Overall: 321% returns with an 83% win rate (10/12 trades)
1-year: 130% returns with a 100% win rate (12/12 trades)
90-day: 37% returns with an 83% win rate (10/12 trades)
Purchase Data (this week)
Total Amount Purchased: $49,968
Purchase Price: $4.04
Current Price: $4.17 (+3.2%)
Rating
Rating: 7
Why: The only downside here is the size of the purchase. $50k is in the middle of the amount of stock he has historically purchased, but it’s also just not very big in absolute terms. However, he does have killer returns on all of his trades, regardless of the size.
Robert Robotti - Director at TDW 0.00%↑ (link)
He has been buying a ton of TDW on its rise from $22 in May 2022 to over $40 and just bought another $1M.
Returns and Win Rate
Overall: 90% returns with a 100% win rate (6/6 trades)
1-year: 186% returns with a 100% win rate (2/2 trades)
90-day: 52% returns with an 83% win rate (5/6 trades)
Purchase Data (this week)
Total Amount Purchased: $1,070,340
Purchase Price: $39.64
Current Price: $41.92 (+5.7%)
Rating
Rating: 6
Why: The two drawbacks are the tear the stock has been on over the last year (up over 100%) and this isn’t one of his largest purchases (4 of his 7 previous purchases are larger).
Join Yellowbrick to find your next trade idea by seeing a feed of the top trades!
Have a great weekend!
Connor