Insiders Roundup: Pinterest, Selecta Biosciences

Largest insider trades of the week

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Oct 12, 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 "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.

Selecta Biosciences

Timothy A. Springer, director and 10% owner, bought 3.18 million shares of Selecta Biosciences Inc. (SLEB) for an average price of $1.71 per share on Oct. 8.

The clinical-stage biopharmaceutical company has a market cap of $206.79 million, institutional ownership of 19.07% and an insider ownership of 8.42%.

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Over the past 12 months, the stock has risen 29%. As of Friday, shares were trading 57.76% below the 52-week high and 59.38% above the 52-week low.

Marchex

10% owner Edenbrook Long Only Value Fund bought 5 million shares of Marchex Inc. (MCHX) on Oct. 7 for an average price of $2.15 per share.

The call analytics company has a market cap of $95.35 million and an enterprise value of $61.38 million. It has an insider ownership of 21.26% and an institutional ownership of 17.77%.

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Over the past 12 months, the stock has declined 31%. As of Friday, shares were trading 49.53% below the 52-week high and 94.55% above the 52-week low.

Heritage Global

Topline Capital Partners, LP., 10% owner, together with Topline Capital Management, LL., bought a combined 1.81 million shares of Heritage Global Inc. (HGBL) for an average price of $1.76 per share on Oct. 6.

The diversified financial services company has a market cap of $67.56 million, an enterprise value of $66.86 million and insider ownership of 7.98%.

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Over the past 12 months, the stock has risen 92%. As of Friday, shares were trading 54.05% below the 52-week high and 250.97% above the 52-week low.

Stitch Fix

Director and 10% owner Steven P. Anderson sold 350,000 shares of Stitch Fix Inc. (SFIX) for an average price of $29.37 per share on Oct. 8.

The company, which provides personal style services, has a market cap of $3.25 billion and an enterprise value of $3.13 billion. It has insider ownership of 1.4% and institutional ownership of 32.97%.

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Over the past 12 months, the stock has gained 50%. As of Friday, shares were trading 0.27% below the 52-week high and 192% above the 52-week low.

Pinterest

Chairman and President Benjamin Silbermann sold 315,000 shares of Pinterest Inc. (PINS) for an average price of $43.53 per share on Oct. 8.

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 price has risen 69%. As of Friday, shares were trading 2.15% below the three-month high and 337.92% above the three-month low.

Natera

Matthew Rabinowitz, executive chairman, sold 250,000 shares of Natera Inc. (NTRA) on Oct. 8 for an average price of $71.62 per share.

The company, which operates in the healthcare field, has a market cap of $6 billion and an enterprise value of $5.71 billion. It has insider ownership of 1.34% and institutional ownership of 73.14%.

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Over the past 12 months, the share price has climbed 100%. As of Friday, shares were trading 4.75% below the three-month high and 320.45% above the three-month low.

Disclosure: I do not own any stocks mentioned.

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