Insiders Roundup: Pinterest, SandRidge

Largest insider trades of the week

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Oct 02, 2020
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The GuruFocus All-in-One Screener can be used to find insider trades from a specific period of time or for a certain range of values. For these stock picks, I went under the Insiders tab and changed the settings for All Insider Buying to "$2,000,000+," the duration to "September 2020" and "October 2020" and All Insider Sales to "$2,000,000+."

According to these filters, the following were this past week's most significant trades from company insiders.

iGen Networks

Chan Neil Gene, CEO, bought 400,000 shares of iGen Networks Corp. (IGEN) for an average price of 1 cent per share on Oct. 1.

The company, which develops software services, has a market cap of $8.71 million and an insider ownership of 4.74%.

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Over the past 12 months, the stock has declined 80%. As of Friday, shares were trading 90.86% below the 52-week high and 1,500% above the 52-week low.

SandRidge

Montare Resources I LLC bought 497,303 shares of SandRidge Permian Trust (PERS) on Sept. 30 for an average price of 51 cents per share.

The company, which operates in the oil and gas industry, has a market cap of $26.25 million, an enterprise value of $23.49 million and an institutional ownership of 0.03%.

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Over the past 12 months, the stock has declined 68%. As of Friday, shares were trading 70.59% below the 52-week high and 100% above the 52-week low.

Prelude Therapeutics

Baker Bros Advisor LP, director and 10% owner, bought 1.57 million shares of Prelude Therapeutics Inc. (PRLD) for an average price of $19 per share on Sept. 22.

The biopharmaceutical company has a market cap of $1.42 billion and an enterprise value of $1.39 billion.

Over the past 12 months, the stock has risen 27%.

Pinterest

Chairman and President, Benjamin Silbermann sold 315,000 shares of Pinterest Inc. (PINS) for an average price of $41.93 per share on Oct. 1.

The company is an online product and idea discovery platform. It has a market cap of $26.74 billion and an enterprise value of $25.19 billion. It has insider ownership of 1.13% and institutional ownership of 37.69%.

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Over the past 12 months, the stock has gained 62%. As of Friday, shares were trading 0.38% below the 52-week high and 340% above the 52-week low.

Scientific Games

Ronald O. Perelman, former executive chairman of Scientific Games Corp. (SGMS), sold 4.7 million shares for an average price of $28 per share on Sept. 30.

The gaming products provider has a market cap of $3.42 billion and an enterprise value of $11.98 billion. It has insider ownership of 5.96% and institutional ownership of 27.67%.

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Over the past 12 months, the stock price has risen 82%. As of Friday, shares were trading 4.28% below the three-month high and 856.65% above the three-month low.

Schrodinger

David E. Shaw., 10% owner, sold 488,206 shares of Schrodinger Inc. (SDRG) on Sept. 30 for an average price of $48.21 per share.

The healthcare-based software company has a market cap of $3.57 billion and an enterprise value of $3.30 billion. It has insider ownership of 1.23% and institutional ownership of 15.25%.

Over the past 12 months, the share price has risen 76%. As of Friday, shares were trading 48.87% below the three-month high and 9.94% above the three-month low.

Disclosure: I do not own any stocks mentioned.

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