Insiders Back Three Names With $720M

Kenneth Dart filed last August that he bought more than $715 million of EVO shares in late July. The main shareholder picked up over 10 million shares across two tranches. That is the largest single insider purchase in the data at this point in the year. Dart bought roughly 8 million shares on 21 July and a further 2 million on 24 July, paying around $71 per share on average. An associate, Michaela Von Bahr, filed sales totalling about $9.2 million across the same week. Net, insiders were adding exposure to Evolution by a wide margin.

Swedish hygiene group ESSITY B saw a coordinated move in late August. Board-linked investment firm Industrivarden filed purchases worth over $26 million on 24 August. Activist fund Cevian Capital, a 5% holder, had also filed a $34.9 million buy in mid-July. The chairman and a chief-level officer both filed small open-market purchases on the same day. Five insiders filing buys within days of each other is a rare cluster.

UBER President and COO Andrew MacDonald filed on 8 September that he bought 70,000 shares for roughly $5.3 million on 4 September. The trade was discretionary. Uber's short interest sits at just 2.4% of free float, so the buy does not read as a squeeze play. It looks like straightforward conviction from the number-two executive at a $136 billion company.