Insider Trading Activity Summary – December 2, 2024

This article summarizes significant insider buying and selling activities reported for Monday, December 2, 2024, in US stocks.

Top Buys:

Spruce Power Holding Corp (NASDAQ:SPRU)

Clara Nagy McBane, a director at Spruce Power Holding Corp, purchased 2,000 shares of common stock at $2.40 per share, totaling $4,800. This acquisition increased McBane's direct ownership to 72,755 shares. The transaction occurred on November 27, 2024. Spruce Power, with a market capitalization of $46.5 million, trades at a low Price/Book ratio of 0.31, and the stock has gained 9% over the past week. NJR Clean Energy Ventures sold its residential solar portfolio to Spruce Power for $132.5 million, involving 91 megawatts of solar assets and about 9,800 residential solar lease agreements.

Vroom (OTC:VRMMQ), Inc. (NASDAQ:VRM)

Robert J. Mylod Jr., a director at Vroom, Inc., acquired 50,000 shares of common stock at an average price of $5.23 per share, totaling $261,730. Mylod now holds 65,856 shares indirectly through Annox Capital, LLC. The stock currently trades at $5.99 but is down nearly 88% year-to-date despite a 147% revenue growth in the last twelve months.

Spire Inc. (NYSE:SR)

Paul D. Koonce, a director at Spire Inc., purchased 1,000 shares at $73.61 per share, totaling $73,610 on December 2, 2024. Following this acquisition, Koonce holds 2,425 shares in a revocable trust, 2,150 shares directly, and 5,000 shares in an IRA. Spire has a $4.2 billion market cap and a strong history of consecutive dividend increases, currently offering a 4.3% yield.

SuRo Capital Corp (NASDAQ:SSSS)

Allison Green, the Chief Financial Officer at SuRo Capital Corp., acquired 9,100 shares at an average price of $5.48, totaling approximately $49,868. This purchase brings Green's total holdings to 136,734 shares, including restricted shares. SuRo Capital has shown a strong momentum with a 31% gain over the last six months.

Newmont Corp (NYSE:NEM)

Harry M. Conger IV, a director at Newmont Corp, purchased 9,498 shares at an average price of $42.15, amounting to approximately $400,335. After this acquisition, Conger's total holdings increased to 14,498 shares, held indirectly through the Conger-Sailors Family Trust. Newmont is a leading gold and silver mining company with a market capitalization of $46.4 billion, offering a 2.4% yield.

Top Sells:

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gerhard Watzinger, a director at CrowdStrike Holdings, Inc., sold 29,000 shares at prices ranging from $347.49 to $349.79 per share, totaling approximately $10.47 million. Post-sale, Watzinger holds 42,391 shares indirectly and 7,133 shares directly.

Ares Management Corp (NYSE:ARES)

Michael J Arougheti, CEO of Ares Management Corp, sold a total of 150,000 shares through multiple transactions at prices ranging from $174.92 to $179.97 per share. Arougheti's indirect ownership is now zero, though he retains 1,375,000 restricted units of Class A Common Stock.

Ares Management Corp (NYSE:ARES)

David B. Kaplan, a director, sold 150,000 shares through multiple transactions at similar prices. Kaplan no longer holds shares directly.

Ares Management Corp (NYSE:ARES)

Bennett Rosenthal, Co-Founder and Chairman, sold 28,107 shares at an average range of $174.93 to $179.92, totaling approximately $5.1 million. He retains indirect interest through Ares Owners Holdings L.P.

Snowflake Inc. (NYSE:SNOW)

Frank Slootman, a director at Snowflake Inc., sold 59,617 shares at prices between $175.202 and $178.203, amounting to about $10.5 million. Slootman retains ownership of 208,735 shares directly.

Investors should monitor insider buying and selling activities for valuable insights into a company's internal perspective. While these transactions shouldn't be the sole basis for investment decisions, they provide important context alongside other financial metrics and market analysis. Insider buying may signal confidence in a company's prospects, while selling could have various motivations.

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