This article summarizes the most significant insider buying and selling activities reported for US stocks on Monday, December 30, 2024.
Top Insider Buys:
• Verisign (NASDAQ:VRSN): Berkshire Hathaway (NYSE:BRKa), led by Warren Buffett, continued its investment in Verisign by purchasing additional shares. The largest single-day acquisition occurred on December 27, when Berkshire Hathaway bought 47,751 shares. As a ten percent owner, Berkshire Hathaway holds a significant stake in Verisign, a leading provider of domain name registry services trading at a P/E ratio of 23.9. The shares are owned indirectly through various subsidiaries and pension plans under the Berkshire Hathaway umbrella.
• Dorchester Minerals, L.P. (DMLP): Dorchester Minerals Operating LP acquired common units of Dorchester Minerals, L.P., a $1.56 billion market cap company known for its 12% dividend yield. The purchases were made on December 30, 2024, at prices ranging from $33.06 to $33.19 per unit, with a total value of $31,662. These acquisitions were made under a 10b5-1 trading plan adopted on November 5, 2024. The company maintains a “GREAT” financial health score and has a 22-year track record of consistent dividend payments.
• ASA Gold & Precious Metals Ltd (ASA): Merk Alexander, Chief Operating Officer of ASA Gold & Precious Metals Ltd, acquired a total of 24,168 shares over two days, December 26 and 27, 2024. The shares were bought at prices ranging from $20.1588 to $20.3036, amounting to a total investment of approximately $487,357. Following these transactions, Alexander now holds 135,457 shares directly.
• Globalstar Inc . (NYSE:GSAT): James Monroe III, a director and significant shareholder of Globalstar Inc., expanded his holdings by purchasing 1.5 million shares of voting common stock over two days. On December 26, Monroe bought 500,000 shares at an average price of $2.10 per share, followed by an additional 1 million shares on December 27 at an average price of $2.13 per share. The total investment amounted to approximately $3.18 million.
Top Insider Sells:
• Meta Platforms, Inc. (NASDAQ:META): CEO Mark Zuckerberg executed significant stock transactions on December 26, 2024, selling shares totaling approximately $21.8 million. The sales were carried out through CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation, with prices ranging from $600.593 to $606.1735 per share. Meta maintains its position as a $1.5 trillion market cap company, with the stock delivering a 70% return over the past year.
• Atlassian Corp (NASDAQ:TEAM): Scott Farquhar, a director and ten percent owner of Atlassian Corp, sold a total of 5,948 shares of Class A Common Stock on December 30, 2024. The transactions were executed at prices ranging from $243.9363 to $248.6872 per share, amounting to a total sale value of approximately $1.96 million. Following these transactions, Farquhar holds 7,948 shares indirectly through a family trust.
• GitLab Inc. (GTLB): Matthew Jacobson, a director at GitLab Inc., sold shares valued at approximately $32.7 million. The transactions took place on December 26 and 27, involving multiple sales of GitLab’s Class A common stock at prices ranging from $59.18 to $59.7229 per share. The sales were conducted through various ICONIQ Strategic Partners entities, which Jacobson is affiliated with.
Staying informed about insider trading activities can provide valuable insights for investors. While these transactions don’t necessarily indicate future stock performance, they can offer clues about insiders’ confidence in their companies. However, it’s important to consider these activities as just one piece of the investment puzzle and to conduct thorough research before making any investment decisions.
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