Dart Bets Big on Evolution as Insiders Signal Confidence

A mystery buyer has been quietly amassing a stake in Evolution AB, the Swedish live-casino operator. Kenneth Bryan Dart, listed as a main shareholder, filed purchases of nearly $716 million across late July and early August 2026. The trades were reported to regulators in late August. Dart paid around $71 per share on average across two tranches. Evolution carries short interest of 8.9% of free float, with cost to borrow running at 0.85%. That suggests a meaningful short position sitting against this new buying.

At Twilio, a hedge-fund-affiliated board member filed the sale of 500,000 shares in August, valued at roughly $123 million. The filing was reported in mid-August. Twilio has not been immune to the broader tech sell-off this year.

NVIDIA director Mark Stevens filed a $98 million disposal in early September, covering a trade on 31 August. The filing covered 447,400 shares. Insider sales from directors at NVIDIA have been a recurring pattern during the stock's multi-year run.

AppLovin stands out for a different reason. The stock has fallen 61% year-to-date, yet ORTEX insider momentum data shows the strongest buying signal of any large-cap US media name over the past month. The market cap now sits at $79 billion. Short interest is low at 3.96% of free float, and availability is extremely high at over 8,100%, meaning shorts are not crowded here.

The contrast is clear. At fallen names like AppLovin, insiders are leaning in. At long-running winners like NVIDIA, they are trimming. Fresh filings are always the signal worth watching.