Buys
- Beleaguered COTY had an officer add another $1.3 million to his stake after Coty drops 20% after disastrous earnings report. Note Mr. Huber is an officer of the company and has not shown very good timing as he is down over 5% on his last $1.5 million dollar purchase. None the less there is not much insider buying going on so its noticeable.
- Director Trapani steps up big and buys $12.1 million worth of luxury jeweler Tiffany at average prices of $89. This is an interesting buy but Tiffany looks fully valued and based on two DCF tools we use is worth closer to $75 than current prices.
- Chairman of the Board Steven Webster bought $3 million of Carrizo Oil and Gas adding to his previous disastrous purchase in March at nearly three times the price. Spring hopes eternal in the oil patch.
- New director George Thompson steps in a big way buying Lending Tree to the tune of $1.2 million near a lifetime high.
- Director McGillicudy buys $1.0 million of high yielding 7.62% office REIT Franklin Street Properties. This is one warrants further investigation.
Sales
- High flying Tableau Software insiders can’t unload fast enough with over $62 million in stock sold last week alone. Revenue growth rate is slowing down like clockwork quarter over quarter but the market is rewarding this company with a $5 billion dollar market cap yet it has yet to earn a GAAP profit.
- Quintiles shareholders take advantage of company replacing Whole Foods in the S&P 500 by unloading $779 million last week.
- Non profitable e-commerce furniture seller Wayfair insiders dump $50.9 million worth of stock. It’s the Amazon model, sell a lot of stuff and don’t worry about making money
- Overvalued Ilumina insiders take advantage of recent price strenght to unload $18.6 million.
- Service Master Global Holdings insiders sell off $57.1 million of stock only to watch hurricane Harvey flood Texas and spike the stock