Rainer Gawlick, a director atProgress Software Corp (PRGS), recently picked up 1,000 shares of the company. That increased his share count by 3 percent. The buy came to just over $32,000. That makes him the third insider to buy this month, following a CEO buy of 2,700 shares, costing just over $101,000. The company CFO also bought shares on October 1st, picking up 2,622 shares and paying just under $99,000. Insiders at the company were net sellers earlier in the year at prices as much as 15 percent higher than where shares currently trade. Since company insiders tend to be the most k...

Mark O’Neil, a director atCarMax (KMX), recently picked up 2,700 shares. That buy increased his holdings by 90 percent, and came at a cost of just over $252,000. This marks the first insider buy since back in March. Insiders at the company have generally been sellers of shares, including at prices close to the current price. Shares have just recently come off a 52-week high. The seller of used vehicles has seen a flat performance in the past year, with a mere 3 percent rise in revenues. Earnings are up 27 percent, however. That somewhat mimics car sales in general, which are a bit lo...

Brett Icahn, a director atIcahn Enterprises (IEP) recently added 202,758 shares to his holdings. The buy increased his holdings by nearly 85 percent and came at a total price tag of $10 million. The buy matches a sale made at the same time by company Chairman Carl Icahn. However, insider trends for the past few years show that insider buys far outnumber sales over the past five years. Icahn Enterprises is the investment vehicle for Carl Icahn, and often invests in a variety of companies across a number of industries. While not as well known as Warren Buffett, Icahn has a strong long-...

Phillip Barrington, a director atPhillips 66 Partners (PSXP), recently added 15,000 shares to his stake. The buy increased his holdings by a significant 55 percent to over 42,250 shares. The buy cost just over $325,000. Barrington was also the last insider to buy back in March of this year, also picking up 15,000 shares then. Insiders at the company have only been buyers for the past four years, at price as much as 65 percent higher from current prices. The oil and gas midstream company has understandably been a poor performer in the past year, with a 60 percent drop in shares. Never...

Glenn Rufrano, CEO atVEREIT (VER), recently picked up 40,000 shares, shelling out just over $253,000 to do so. The buy increased his total holding to over 3,279,250 shares. Insider data shows that this is the first buy from company insiders in 2020. In 2019, insiders were sellers of shares at prices anywhere from 15 to 30 percent higher than the current price. A triple-net REIT with a focus on commercial properties such as restaurant parcels and drug stores, shares of the company have been significantly knocked down over the past year. Shares are more than double from their panic low...

William Smith, a director atKinder Morgan (KMI) picked up 7,000 shares last month. That followed on a buy the week before by company Chairman Richard Kinder, who bought 373,233 shares. While insiders have largely been buyers this year, the weak performance of the energy space means that these insider buys are currently at a loss, with a double-digit decline since the buys. That spells an opportunity for investors following the trades today. With the massive insider ownership and ongoing buying at higher prices than where shares trade today, investors can bet on a continued recovery i...

Christopher Swift, the Chairman and CEO ofThe Hartford Financial Services Group (HIG), picked up another $251,000 worth of shares recently. The buy added 6,975 shares in total, or a 2.4 percent increase in the CEO’s holdings. Insider data at the company shows a mix of buys and sells. Most interestingly, however, the same CEO was a big seller of shares a year ago, when they traded 40 percent higher. Although shares are down substantially over the past year, revenues are flat and earnings have actually risen. The company remains profitable, and looks undervalued in terms of earnings, s...