🟨📈 Top CEO Trades of the Week

Two CEOs with 17% and 27% yearly returns made another purchase and the SOFI CEO just made their largest purchase of the year!

Hello!

I hope everyone is keeping warm! It was -10 with a wind chill of -34 when I woke up today.

Top Purchases

SOFI (Form 4 link)

Their CEO has been just gobbling up shares all year. He made 20 purchases in 2022 totaling almost $11M. Now, it's gone poorly for him as he is currently down on 18 of those 20 trades (only his last two are currently positive), but his last two purchases are over 10x bigger than all of his other purchases and make up $7.5M of the $11M total he has purchased in 2022. So it definitely seems like he is more confident that the bottom is in.

NRG (Form 4 link)

6 NRG execs/directors just bought up $1.5M of stock. This is the first time most of them have ever bought their own stock and the first time all of them did it at the same time. The stock also took a 25% hit earlier in December which may have prompted these purchases. Also, their CEO has only twice bought NRG stock before, but it went up an average of 27% over the next year on both of those purchases (and they were about 5x smaller than this one)

RILY (Form 4 link)

The co-CEO bought up another $4.8M in stock and a director picked up $400k. This is the co-CEO’s 13th purchase of 2022 and officially the lowest price he has paid for a purchase all year. His other 12 purchases this year are obviously not going well, but this is his biggest purchase since May and he has almost purchased $10M of stock in the month of December. Historically, he has made 61 purchases and has positive returns on 34 of them (before this year he was positive on 34/48). His average 3 month return is ~0%, but his average 1 year returns are 17%

Top Sales

NTNX (Form 4 link)

The COO just sold their most stock ever (by almost 2x) which was 50% of their total stock in the company. 18% of the sale (22,538 shares) was to cover taxes for RSUs they received, but it looks like they snuck another 99k shares into the sale to cash out.

PRCT (Form 4 link)

An EVP started a 10b5-1 just a month ago and then decided to dump 85% of their shares. One of their largest investors also dumped 81% of their shares in the company in March. The stock has crushed the market this year, going up nearly 100%. Is it possible the EVP is trying to dump at the top?

Have a great Christmas!

Connor