Starboard Takes Big Stakes in VRT, CRM

JC Parets
October 21, 2022

Today, we have a Form 4 filing by RA Capital Management for new purchases in 89bio Inc $ETNB.

After its latest purchase worth roughly $8.9 million, RA Capital now owns almost half of the public float.

Starboard Value LP filed a 13D for Vertiv Holdings $VRT, revealing an initial stake of 7.40%.

The activist hedge fund also announced a significant new position in Salesforce.com $CRM this week.

Here’s The Hot List, with data through October 20, 2022:

In another Form 4, Nimish Shah reported an additional purchase of $3.7 million in the biotech Tricida Inc $TCDA.

The only 13G on our list today was filed by Deep Track Capital LP, which revealed an initial ownership stake of 9.29% in the small cap biotech company Immunic Inc $IMUX.

In the options market, there was bullish flow in Ring Energy $REI, Cano Health $CANO, Robinhood $HOOD, and Huntsman Corp $HUN.

Have a great weekend. We'll be back Monday with more insider action.

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All Star Charts Team

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