ValueAct Buys More Insight Shares

JC Parets
June 1, 2022

The largest insider buy on today’s list comes in a Form 4 filing by ValueAct Capital.

It reveals an additional purchase of roughly $7.8 million in Insight Enterprises $NSIT, as ValueAct continues to increase its position in the tech stock.

Director Jay Flatley of Rivian Automotive $RIVN revealed a purchase of approximately 40,000 shares of his company’s stock in a Form 4 filing.

The chairman and CEO of the popular fruit and vegetable producer Fresh Del Monte $FDP reported a $500,000 purchase in a Form 4 yesterday.

The only 13D on our list today was filed by Simcoe Capital Management.

The hedge fund revealed an ownership stake of 5.70% in the internet retailer Overstock.com $OSTK.

Here’s The Hot List, with data through May 31, 2022:

In another Form 4, Abdiel Capital disclosed a purchase of $3.8 million in Appian Corporation $APPN.

In the options markets, there was bullish flow in the media and entertainment company Warner Bros Discovery $WBD and the toy producer Mattel $MAT.

Stay tuned. We'll be back Thursday with more insider action.

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All Star Charts Team

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