February Recap: Insider Trades for the Month

1 March 2023

Overview

February has come and gone, and it's time to take a look at the latest insider trading activity. Insider trading occurs when individuals within a company, such as executives or directors, buy or sell their own company's stock. This information is reported to the Securities and Exchange Commission (SEC) using Form 4, which provides details on the trades made by insiders.

According to data reported to the SEC using Form 4, a total of 4,502 trades were reported in February. Out of these trades, 3,686 were sales and 816 were purchases. It's worth noting that the number of sales was much higher than the number of purchases, which suggests that insiders may have been taking profits after a period of strong market gains.

Total insider trades february 2023Top 10 insider trades february 2023

Top 10 purchases

The top 10 purchased stocks reported by insiders by the number of trades were RCG, JUVF, TPL, ISBA, MAIA, RXRX, ED, VERA, MMLP, and RBOT. RCG had the most trades, with 19 in total. When considering the total number of shares combined within all trades, the top 10 purchased stocks were WGS, PNPL, UTRS, GLG, MLFB, SMGI, PRPL, EXPR, VYGR, and VERA. WGS had the most shares traded, with a total of 128,571,427.

When considering the total amount in US dollars combined within all trades, the top 10 purchased stocks reported by insiders were CTM, WGS, MLYS, VYGR, GTLB, PI, VERA, PRPL, EXPR, and ET. CTM had the highest total amount in US dollars, with $1,125,000,000.

By number of trades

StockTrades
RCG19
JUVF12
TPL12
ISBA11
MAIA10
RXRX10
ED10
VERA10
MMLP9
RBOT9

By the total number of shares

StockShares total
WGS128,571,427
PNPL61,580,000
UTRS24,437,927
GLG10,000,000
MLFB8,500,000
SMGI7,418,898
PRPL5,960,320
EXPR5,434,783
VYGR4,395,588
VERA4,061,747

By the total amount in US dollars

StockUS dollar total
CTM$1,125,000,000
WGS$44,999,997
MLYS$44,100,000
VYGR$39,032,821
GTLB$33,029,481
PI$29,951,770
VERA$28,466,432
PRPL$26,821,440
EXPR$25,000,001
ET$21,670,856

Top 10 sales

In terms of sales, the top 10 sold stocks reported by insiders by the number of trades were XM, TEAM, BLZE, POWI, DNA, ITRI, PTC, NBIX, INTA, and VRTX. XM had the most trades, with 59 in total. When considering the total number of shares combined within all trades, the top 10 sold stocks were AMC/APE, MULN, DT, TELL, BZFD, AZEK, LKQ, DNA, XPOF, and LLAP. AMC/APE had the most shares traded, with a total of 30,451,310.

Finally, when considering the total amount in US dollars combined within all trades, the top 10 sold stocks reported by insiders were WMT, DT, LKQ, SNX, MA, TDG, AZEK, HSY, VEEV, and ABNB. WMT had the highest total amount in US dollars, with $743,039,898.

By number of trades

StockTrades
XM59
TEAM44
BLZE35
POWI31
DNA24
ITRI20
PTC20
NBIX20
INTA19
VRTX19

By the total number of shares

StockShares total
AMC,APE30,451,310
MULN14,937,660
DT14,836,494
TELL14,245,040
BZFD11,372,307
AZEK9,540,000
LKQ9,453,154
DNA5,937,604
XPOF5,750,000
LLAP5,590,141

By the total amount in US dollars

StockUS dollar total
WMT$743,039,898
DT$669,887,285
LKQ$540,446,968
SNX$502,924,392
MA$482,351,492
TDG$381,665,957
AZEK$248,612,400
HSY$243,597,902
VEEV$240,500,791
ABNB$239,672,447

Conclusion

Overall, insider trading activity in February suggests that insiders were more inclined towards selling than buying, which could indicate a degree of caution about the future direction of the market. However, the top purchased and sold stocks by insiders were different, which could suggest that insiders have varying views on individual stocks and sectors. Investors should always conduct their own due diligence before making any investment decisions, and insider trading activity can be one of the many indicators to consider.

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