Silver Lake, a board-level investor in DELL, filed this week to reveal it sold over $414 million worth of Dell shares. The sales took place between June 5 and June 11, with hundreds of individual transactions reported. Shares were sold at prices around $398–$404 each.
That is by far the largest insider filing of the past week in US markets.
Meanwhile, tech investor Marc Andreessen filed to disclose he sold $75.6 million in IOT Samsara stock. The sales ran across four days from June 8 to June 11. Samsara shares trade near the low $30s, and Andreessen holds a board seat at the company.
Not all the news was selling. Summit Therapeutics CEO Robert Duggan filed on June 12 disclosing he bought $50 million in SMMT stock at $13.12 per share. Duggan is also chairman and has a long history of backing the biotech with his own capital. The purchase signals continued personal confidence in the company's cancer drug pipeline.
Fortune Brands Innovations also saw a notable buy. Activist investor Ed Garden filed to disclose a $13 million purchase in FBIN at $40.60 per share on June 10. Garden holds a board seat at the home products company.
Lightspeed Venture Partners filed three separate sell transactions in NAVN Navan totalling over $37 million across June 12 and June 15, as the venture backer continues to reduce its stake in the travel management platform.
This is not financial advice.
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