Welcome to edition 198 of Insider Weekends. Insider buying increased last week with insiders purchasing $49.28 million of their stock compared to $28.5 million in the week prior. Selling increased sharply with insiders selling $1.65 billion of stock last week compared to $675.91 million in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 33.41.In other words, insiders sold more than 33 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 24.9.We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Insider Sell Buy Ratio April 4, 2014
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Intrexon Corporation (XON): $23.47
Chief Executive Officer Randal J. Kirk acquired 243,001 shares of this biotech company, paying $25.72 per share for a total amount of $6.25 million. These shares were purchased indirectly through a holding company.
You can view the list of recent insider transactions for Intrexon Corporation here.
| P/E: N/A | Forward P/E: 335.29 | Industry P/E: 20.33 |
| P/S: 100.25 | Price/Book: 6.49 | EV/EBITDA: -43.86 |
| Market Cap: $2.28B | Avg. Daily Volume: 702,116 | 52 Week Range: $17.52 – $38.5 |
2. The Fresh Market, Inc. (TFM): $35.98
Shares of this grocery store chain were acquired by 3 insiders:
- President/CEO Craig Carlock acquired 20,000 shares, paying $33.08 per share for a total amount of $661,600. Mr. Carlock increased his stake by 10.08% to 218,349 shares with this purchase.
- Director Jeffrey G. Naylor acquired 8,000 shares, paying $32.99 per share for a total amount of $263,920. Mr. Naylor increased his stake by 116.57% to 14,863 shares with this purchase.
- Director David L. Rea acquired 3,000 shares, paying $34.35 per share for a total amount of $103,050.
