Largest Insider Trades of the Week

Insiders load up on ServiceSource International, dump Schrodinger

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Sep 25, 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 All Insider Sales to "$2,000,000+."

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

ServiceSource International

Edenbrook Capital LLC, 10% owner, bought 1.63 million shares of ServiceSource International Inc. (SREV, Financial) for an average price of $1.36 per share on Sept. 23.

The company, which provides customer and revenue lifecycle management solutions, has a market cap of $135.26 million. It has insider ownership of 10.69% and institutional ownership of 29.59%.

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Over the past 12 months, the stock has risen 42%. As of Friday, shares were trading 36.19% below the 52-week high and 153.88% above the 52-week low.

SandRidge

Montare Resources I LLC bought 497,303 shares of SandRidge Permian Trust (PERS, Financial) on Sept. 23 for an average price of 46 cents per share.

The company, which operates in the oil and gas industry, has a market cap of $25.73 million, an enterprise value of $22.96 million and an institutional ownership of 0.03%.

Over the past 12 months, the stock has declined 70%. As of Friday, shares were trading 71.85% below the 52-week high and 92.52% above the 52-week low.

Rezolute

Handok Inc., 10% owner, bought 250,000 shares of Rezolute Inc. (RZLT, Financial) for an average price of 46 cents per share on Sept. 22.

The biopharmaceutical company has a market cap of $129.06 million, an enterprise value of $115.50 million and an insider ownership of 47.35%.

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Over the past 12 months, the stock has fallen 40.12%. As of Friday, shares were trading 36.49% below the 52-week high and 586.29% above the 52-week low.

Schrodinger

David E. Shaw sold 453,913 shares of Schrodinger Inc. (SDRG, Financial) for an average price of $49.84 per share on Sept. 24.

The health care-based software company has a market cap of $3.87 billion and an enterprise value of $3.60 billion. It has insider ownership of 1.23% and institutional ownership of 15.25%.

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Over the past 12 months, the stock has gained 63%. As of Friday, shares were trading 68.33% below the 52-week high.

Elastic

Steven Schuurman, director and 10% owner of Elastic NV (ESTC, Financial), sold 750,000 shares for an average price of $104.76 per share on Sept. 23.

The company, which offers software solutions, has a market cap of $9.11 billion and an enterprise value of $8.79 billion. It has insider ownership of 10.91% and institutional ownership of 50.62%.

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Over the past 12 months, the stock price has risen 24%. As of Friday, shares were trading 10.35% below the three-month high and 170.08% above the three-month low.

OneWater Marine

Goldman Sachs Group Inc., 10% owner, sold one million shares of OneWater Marine Inc. (ONEW, Financial) on Sept. 22 for an average price of $19 per share.

The recreational boat retailer has a market cap of $301.30 million and an enterprise value of $606 million. It has insider ownership of 1.06% and institutional ownership of 22.66%.

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Over the past 12 months, the share price has risen 32%. As of Friday, shares were trading 39.97% below the three-month high and 8.38% above the three-month low.

Disclosure: I do not own any stocks mentioned.

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