Largest Insider Trades of the Week

Facebook, Splunk among stocks sold by insiders

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Oct 13, 2017
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The GuruFocus All-In-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “October 2017” and All Insider Sales to “$5,000,000+."

According to the above filters, the following trades were made by company insiders this week.

Erin Thomas Morton, president, general counsel and 10% owner of Switch Inc. (SWCH, Financial), bought 300,000 shares for $37.50 per share on Oct. 11.

The data center operator has a market cap of $615.9 million and enterprise value of $1.41 billion.

The company went public on Oct. 6.

Rhythm Pharmaceuticals Inc. (RYTM, Financial) insiders James Barrett, Peter J. Barris, Forest Baskett, David M. Mott and Patrick J. Kerins bought a combined 2,750,000 shares for $17 per share on Oct. 10. Since then, the stock price has risen to $24.66.

The pharmaceutical company has a market cap of $642.98 million and an enterprise value of $632.45 million.

Peter R. Kellogg, 10% owner of Mercer International Inc. (MERC, Financial), bought 2,658,743 shares for $12.41 per share on Oct. 10. Since then, the stock price has increased to $13.45.

The paper producer has a market cap of $832.22 million and enterprise value of $1.38 billion. It has an institutional ownership of 82.52% and insider ownership of 5.54%.

Over the past 12 months, the stock price has risen 60% and is currently 1.54% below its 52-week high and 68.42% above its 52-week low.

Most important insider sales

Godfrey Sullivan, a Splunk Inc. (SPLK, Financial) director, sold 120,000 shares for $64.58 per share on Oct. 11.

With the market cap of $8.89 billion and an enterprise value of $7.862 billion, the company develops software. It has an institutional ownership of 99.60% and insider ownership of 3.78%.

Over the past 12 months, the stock price has risen 11% and is currently 8.81% below its 52-week high and 25.36% above its 52-week low.

David A. Duffield, director and 10% owner of Workday Inc. (WDAY, Financial), sold 461,232 shares for $108.44 per share on Oct. 11.

The company, which develops enterprise resource planning software, has a market cap of $22.57 billion and an enterprise value of $21.42 billion. It has an institutional ownership of 66.94% and insider ownership of 0.91%.

Over the past 12 months, the stock price has risen 24% and is currently 2.64% below its 52-week high and 64.93% above its 52-week low.

Whitebox Advisors LLC, 10% owner of Par Pacific Holdings Inc. (PARR, Financial), sold 506,079 shares for $20.75 per share on Oct. 10. Since then, the stock price has fallen to $20.67.

The oil refiner has a market cap of $946.74 million and enterprise value of $1.23 billion. It has an institutional ownership of 83.25% and insider ownership of 18.43%.

Over the past 12 months, the stock price has risen 50% and is currently 5.79% below its 52-week high and 65.76% above its 52-week low.

Facebook Inc. (FB, Financial) Chief Technology Officer Michael Todd Schroepfer sold 38,058 shares for $171.51 per share on Oct. 10.

The social network has a market cap of $501.12 billion and an enterprise value of $465.67 million. It has an institutional ownership is 57.01% and insider ownership of 0.20%.

Over the past 12 months, the stock price has risen 35% and is currently 1.68% below its 52-week high and 51.96% above its 52-week low.

Disclosure: I do not own any shares of any stocks mentioned in this article.