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7 stocks with important insider information that say they sell
Insider trading occurs when people who have access to confidential information about a company use it to profit from their actions. These insiders include people such as corporate officers and members of the board of directors. Historically, there have been numerous cases of unscrupulous insiders benefiting at the expense of unsuspecting shareholders. For example, suppose an insider knows that some news is about to come out and will cause a company’s stock price to drop. They could enter the market and sell their shares to someone who doesn’t know the news. Likewise, if there is news that will increase the price, they can buy shares from an unsuspecting shareholder. To avoid this type of activity, the government has developed several regulations and laws. One requires that when a company insider decides to buy or sell shares in its company, it must publicly disclose to the United States Securities and Exchange Commission (SEC). This also gives foreign investors a chance to profit. InvestorPlace – Stock market news, stock advice and trading tips Right now, the market is reaching new highs. Some analysts believe that this recent insanity with GameStop (NYSE: GME) and the cryptocurrency markets are signs that we are in a bubble. Many companies have seen their stock prices soar for no apparent logical or fundamental reason. 8 Cheap shares under $ 20 that can double But within this jungle, insider trading was also carried out at the following seven companies. Insiders decided to take advantage of the rise and sell some of their shares. This may mean that they believe that these shares are over or reasonably valued and will eventually trade low. aTyr Pharma (NASDAQ: LIFE) ANGI Homeservices (NASDAQ: ANGI) Anaplan (NYSE: PLAN) Tradeweb Markets (NASDAQ: TW) SVMK (NASDAQ: SVMK) Smartsheet (NYSE: SMAR) Twitter (NYSE: TWTR) Insider-traded shares for sell: TradingView aTyr Pharma (LIFE) chart A biotherapeutic company, aTyr Pharma was founded in 2005, is based in California and is the first name in this article on privileged trading. As you can see in the chart above, LIFE’s shares doubled in just three days. On February 4, the stock opened at $ 3.90 per share. Then, on February 8 – just two trading days later – the shares reached $ 8.33. There was no news, so the stock was probably bought by day traders. However, two insiders at the company decided to sell some of their shares. President and CEO Sanjay Shukla sold 778 shares at $ 7.66, while CFO Jill Broadfoot sold 390 shares at $ 7.66 as well. Those were small sales and both insiders continue to occupy larger positions. But it could also mean that they believe the stock has moved ahead of the recent market frenzy. The three Wall Street analysts who follow this company think aTyr’s long-term prospects are great. According to Tipranks, they all have strong stock purchase ratings, with an average target price of $ 13.33. This is about twice as high as where LIFE’s stock is now. ANGI Homeservices (ANGI) TradingView Chart ANGI Homeservices operates a digital marketplace that – you guessed it – connects consumers to home service professionals. This is another stock that has risen a lot in the recent market chaos. As you can see in the chart above, the share price appreciated more than 50% in less than a month. Between January 15 and February 8, ANGI’s shares rose from about $ 12 to nearly $ 18 per share. Allison Lowrie is CMO at ANGI. She decided to raise some money and take advantage of the recent move. Based on SEC Form 4 (which reports insider trading), Lowrie sold 76,903 shares at $ 17.74 per share. This is worth about $ 1.4 million. 7 mandatory shares in February Wall Street seems to agree with Lowrie that this is a fair assessment for the company. At Tipranks, nine analysts follow ANGI and have an average target price of $ 17.38. This is a little close to the current price of just under $ 16. Anaplan (PLAN) Chart by TradingView Anaplan is a company that provides a cloud-based planning platform to connect people and organizations. The company was founded in 2008 and is headquartered in San Francisco, California. On January 28, PLAN’s shares opened at around $ 62.50. As of February 8, they had risen by more than $ 83. This represents a gain of more than 30%. Sandesh Kaveripatnam is a director at Anaplan. In terms of insider trading, Kaveripatnam decided to take advantage of the recent price appreciation and raise some money. On February 5, he sold 11,991 shares at prices between $ 78 and $ 81. This resulted in a sale worth well over $ 900,000. Wall Street believes that stocks are highly valued at current levels. In addition, they probably think that Kaveripatnam made a smart move. At Tipranks, five analysts follow Anaplan. The average target price is $ 79.59 – relatively in line with PLAN’s stock market today. Tradeweb Markets (TW) Chart by TradingView Next on this list of insider trading stocks, Tradeweb Markets builds and operates electronic markets. According to its website, the company “offers institutional, wholesale and retail market participants unmatched liquidity, advanced technology and a wide range of data solutions”. In addition, Tradeweb operates in the United States and internationally. It was founded in 1996. As you can see in the chart above, TW shares are trading at a resistance level. Resistance means that there is a large concentration of sellers gathered around the same price. When stocks reach resistance levels, they tend to sell. This happened with Tradeweb. It hit resistance in June and December. Now it has reached that level again. Enrico Bruni is the company’s managing director. Probably believing that the shares would be sold again, Bruni reportedly sold 142,861 shares at a price of $ 67.66 on February 9. 7 Safe shares for Reddit’s WSB Bull Gang Like ANGI and PLAN, Street believes that TW’s shares are also valued well. At Tipranks, the seven analysts who accompany the company give this name an average price per share of $ 69.83 – close to current prices. SVMK (SVMK) TradingView Chart Formerly known as SurveyMonkey, SVMK provides customers with survey software solutions. The company’s products allow other companies to engage with their customers and employees. SVMK was founded in 1999 and is headquartered in San Mateo, California. In early December, SVMK shares were traded at around $ 21. Since then, they have shown higher trends. Trading at a high of $ 28.12 on February 11, the stock currently changes hands to close to $ 25. As with other privileged trade names on this list, CEO Alexander Lurie has just made a significant sale of the shares. Between February 5 and 8, Lurie sold a total of 16,595 shares at an average price of $ 28. That equates to about $ 460,000 in stock. Three analysts follow SVMK’s shares in Tipranks and are likely to agree with Lurie’s decision to sell. Each believes that the shares are being traded at a fair price. The average target is $ 29. This is only slightly higher than the range the shares were traded in the past few days – and close to the price at which the CEO was sold. TradingView’s Smartsheet (SMAR) Chart Smartsheet provides a cloud-based platform for efficient job execution. The company was founded in 2006 and is headquartered in Washington state. As you can see in the chart above, between late November and now, shares have risen from $ 52 to current levels of more than $ 80. With SMAR shares trading at around $ 84 (and increasing), this represents a gain of more than 60% in less than three months. At least one insider is using this move to illuminate his position. In terms of insider information, CMO Anna Griffin sold 5,500 shares between $ 75 and $ 76 on February 5. This generated a gain of more than $ 400,000. Other insiders reported the sale of shares as well. 7 F-rated growth stocks to sell sooner or later This company is widely followed by Wall Street. Nine analysts cover Tipranks shares. They provide an average target price of $ 80.89. This is just a few dollars below where it is marketed today. Twitter (TWTR) Chart by TradingView Last on this list of insider trading stocks, Twitter is a social media company that operates as a platform for public self-expression and real-time conversation – in the United States and internationally. It was founded in 2006 and is headquartered in San Francisco, California. Like other companies in this article, Twitter has recovered and insiders are selling. In the past month alone, TWTR’s share price has gone from $ 46 to $ 60 and above. The shares trade at around $ 72 today. At Tipranks, 32 analysts give a target price of $ 62.86 on Twitter. This is about $ 10 below the current price. In addition, Robert Kaiden is the company’s chief accounting officer and recently sold shares. On February 9, Kaiden reported that he sold 12,032 shares at prices between $ 55 and $ 57. As of the time of this publication, Mark Putrino has not exercised functions (directly or indirectly) in any of the said securities. More from InvestorPlace Why everyone is investing in 5G Everything wrong The stock picker reveals his next potential winner No matter if you have $ 500 in savings or $ 5 million. Do it now. # 1 Play to profit from Biden’s presidency The post 7 Actions with important insider signs that say Sell first appeared on InvestorPlace.