Insider Trading Summary – September 30, 2024

This article summarizes the most significant insider buying and selling activities reported for US stocks on Monday, September 30, 2024.

Top Insider Buys:

• Viridian Therapeutics, Inc. (NASDAQ:VRDN): President and CEO Stephen F. Mahoney purchased 21,400 shares at $23.33 each, totaling approximately $499,261 on September 27, 2024. This investment increases his ownership, demonstrating confidence in the firm’s future.

• Armada Hoffler Properties, Inc. (NYSE:AHH): CEO Louis S. Haddad and directors Daniel A. Hoffler and Russell Kirk each acquired 95,238 shares at $10.50, totaling around $1 million each on September 26, 2024. These purchases reflect strong belief in the company’s prospects.

• Cantaloupe Inc. (NASDAQ:CTLP): Director Douglas Bergeron invested over $2.1 million, purchasing 13,866 shares at $7.15 on September 26, followed by larger purchases on September 27 and 30 at prices between $7.23 to $7.53. This suggests optimism about Cantaloupe’s future.

Top Insider Sells:

• Janux Therapeutics, Inc. (NASDAQ:JANX): Executives and entities linked to Avalon Ventures sold shares totaling about $14,452,393 from September 26 to 30. Sales were conducted at prices between $46.19 to $47.77.

• Palo Alto Networks Inc. (NYSE:PANW): Executive Vice President Nir Zuk sold shares worth over $12.9 million under a pre-arranged trading plan on September 3, 2024.

• Dell Technologies Inc. (NYSE:DELL): CEO Michael S. Dell sold 10,000,000 shares at $122.4, valued at over $1.2 billion, on September 26, reducing his shares significantly.

• Walmart Inc. (NYSE:WMT): CEO C. Douglas McMillon sold 29,124 shares at an average of $80.6426, netting around $2.35 million on September 26, also under a prearranged trading plan.

• Coinbase (NASDAQ:COIN): Chief Legal Officer Paul Grewal sold 8,200 shares on September 25 for over $1.7 million, executed under a predefined trading plan.

Investors should monitor insider buying and selling activities as they provide insights into a company’s internal perspective. While not the sole basis for investment decisions, they are crucial alongside other analyses.

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