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7 stocks with significant insider trading signals that say sell
Insider trading occurs when people who have access to confidential information about a company use it to profit from its stock. These insiders include people such as the corporate officers and members of the board of directors. Historically, there have been numerous instances of unscrupulous insiders taking advantage of unsuspecting shareholders. Suppose an insider knows that news is coming that will cause a company’s stock price to fall. They could go to market and sell their shares to someone who doesn’t know the news. Likewise, if news comes out that the price will float higher, they can buy stock from an unsuspecting shareholder. To prevent these types of activities, the government has developed numerous rules and laws. One requires that when a company insider decides to buy or sell stock in his company’s stock, he must disclose it to the U.S. Securities and Exchange Commission (SEC). That also gives external investors an opportunity to profit. InvestorPlace – Stock market news, stock advice and trading tips The market is currently making new highs. Some analysts believe that this recent frenzy with GameStop (NYSE: GME) and the cryptocurrency markets are signs that we are in a bubble. Many companies have seen their stock prices rise for no apparent logical or fundamental reason. 8 Cheap Stocks Under $ 20 That Could DoubleBut within this wildness, there has also been insider trading in the following seven companies. The insiders have decided to take advantage of the rallies and sell some of their shares. That could mean they think these stocks are over or reasonably valued and will eventually trade lower. aTyr Pharma (NASDAQ: LIFE) ANGI Homeservices (NASDAQ: ANGI) Anaplan (NYSE: PLAN) Tradeweb Markets (NASDAQ: TW) SVMK (NASDAQ: SVMK) Smartsheet (NYSE: SMAR) Twitter (NYSE: TWTR) Insider traded stock to sell: aTyr Pharma (LIFE) Chart by TradingView A biotherapeutic company, aTyr Pharma was founded in 2005, is based in California and is the first name in this insider trading article. As you can see in the chart above, LIFE shares doubled in just three days. On February 4, the stock opened at $ 3.90 per share. On Feb. 8 – just two trading days later – the shares hit $ 8.33. There was no news, so the stock was probably taken by the day traders. However, two company insiders decided to sell some of their shares. President and CEO Sanjay Shukla sold 778 shares for $ 7.66, while CFO Jill Broadfoot also sold 390 shares for $ 7.66. These were small sales and both insiders continue to hold bigger positions. But this could also mean they think the stocks were at the forefront of the recent market frenzy. The three Wall Street analysts who follow this company love aTyr’s long-term outlook. According to Tipranks, they all have strong buy ratings on the stock, with an average price target of $ 13.33. That’s about twice as high as where LIFE stock is now. ANGI Homeservices (ANGI) Chart by TradingView ANGI Homeservices operates a digital marketplace that – you guessed it – connects consumers with home service professionals. This is another stock that has ripped higher in the recent market chaos. As you can see from the chart above, the stock price is up more than 50% in less than a month. Between January 15 and February 8, the ANGI share rose from about $ 12 to nearly $ 18 per share. Allison Lowrie is the CMO of ANGI. She decided to raise some cash and take advantage of the recent move. Based on a SEC Form 4 (which reports insider trading), Lowrie sold 76,903 shares at $ 17.74 per share. That’s worth nearly $ 1.4 million. February 7 Must-Own Stocks Wall Street seems to agree with Lowrie that this is a fair valuation for the company. On Tipranks, nine analysts follow ANGI and have an average target price of $ 17.38. That is somewhat close to the current price of just under $ 16. Anaplan (PLAN) Graph by TradingView Anaplan is a company that provides a cloud-based planning platform to connect people and organizations. The company was founded in 2008 and is headquartered in San Francisco, California. On January 28, the shares of PLAN stock opened for approximately $ 62.50. By February 8, they had hit a maximum of over $ 83, a gain of over 30%. Sandesh Kaveripatnam is a director for Anaplan. In terms of insider trading, Kaveripatnam decided to take advantage of the recent price hike and raise some cash. On February 5, he sold 11,991 shares at prices between $ 78 and $ 81, leading to a sale of over $ 900,000. Wall Street believes stocks are reasonably valued at current levels. Plus, they probably think Kaveripatnam made a smart move. Five analysts follow Anaplan on Tipranks. The average target price is $ 79.59 – relatively in line with where PLAN shares are currently trading. Tradeweb Markets (TW) Chart by TradingView In addition to this insider stock list, Tradeweb Markets builds and operates electronic marketplaces. According to its website, the company offers “institutional, wholesale and retail market participants unparalleled liquidity, advanced technology and a wide variety of data solutions.” Moreover, Tradeweb is active both in the United States and internationally. It was founded in 1996. As you can see from the chart above, TW stock is trading at a resistance level. Resistance means that there is a large concentration of sellers around the same price. When stocks reach resistance levels, they tend to sell. That has happened with Tradeweb. It met with resistance in both June and December. Now it has reached that level again. Enrico Bruni is a general manager of the company. Probably believing the stock would be sold again, Bruni reportedly sold 142,861 shares at a price of $ 67.66 on Feb. 9. 7 Safe Stocks for Reddit’s WSB Bull Gang Like ANGI and PLAN, The Street thinks TW stock is also fairly valued. On Tipranks, the seven analysts who follow the company give this name an average share price of $ 69.83 – close to current prices. SVMK (SVMK) Chart by TradingView SVMK, formerly known as SurveyMonkey, provides customers with survey software solutions. The company’s products enable other companies to interact with their customers and employees. SVMK was founded in 1999 and is headquartered in San Mateo, California. In early December, the shares of SVMK stock traded near the $ 21 level. Since then they have risen higher. The stock is trading at a high of $ 28.12 on Feb. 11 and is currently trading hands closer to $ 25. As with other insider trading names on this list, CEO Alexander Lurie has just made a significant sale on the stock. Between February 5 and February 8, Lurie sold a total of 16,595 shares at an average price of $ 28, which is approximately $ 460,000 in shares. Three analysts are tracking SVMK stock on Tipranks and likely agree with Lurie’s decision to sell. Each believes that shares are traded at a fair price. The average target is $ 29. This is only slightly higher than the range the stock was trading at for the past few days – and close to the price at which the CEO sold. Smartsheet (SMAR) Chart from TradingView Smartsheet provides a cloud-based platform for performing work efficiently. The company was founded in 2006 and is headquartered in Washington State. As you can see in the chart above, between the end of November and now the stock has risen from $ 52 to its current level of over $ 80. With SMAR stock trading around $ 84 (and rising), this means a gain of more than 60% in less than three months. At least one insider is using this move to illuminate their point of view. In terms of insider trading, CMO Anna Griffin sold 5,500 shares between $ 75 and $ 76 on February 5, making a profit of more than $ 400,000. Other insiders have reported that they have also sold shares. 7 F-rated Growth Stocks to Sell Sooner Than Later This company is widely followed by Wall Street. Nine analysts study the stocks on Tipranks. They give it an average target price of $ 80.89. This is just a few dollars lower than where it trades today. Twitter (TWTR) Graph by TradingView Last on this insider list, Twitter is a social media company that acts as a platform for public self-expression and conversation in real time – both in the United States and internationally. It was founded in 2006 and is headquartered in San Francisco, California. Like other companies in this article, Twitter has rallied and sold the insiders. In the past month, the price of TWTR stock has increased from $ 46 to $ 60 and above. The stock trades around $ 72 today. On Tipranks, 32 analysts give a price target of $ 62.86 on Twitter. This is about $ 10 below the current price. Additionally, Robert Kaiden is the company’s chief accounting officer and has recently sold stock. On February 9, Kaiden reported having sold 12,032 shares at prices between $ 55 and $ 57 each. At the time of this publication, Mark Putrino had no exposure (neither direct nor indirect) in any of the above securities. More from InvestorPlace Why Everyone Invests in 5G All WRONG Top Stock Picker Reveals Its Next Potential Winner It doesn’t matter if you have $ 500 in savings or $ 5 million. Do this now. # 1 Play to Take Advantage of Biden’s Presidency The Post 7 Stocks With Significant Signals of Insider Trading Saying Sales First appeared on InvestorPlace.