High Insider Buying Activity Signals Confidence in Key Tech Holdings
The iShares U.S. Tech Breakthrough Multisector ETF (TECB) has shown remarkable insider buying trends. A total of 1258.2% of its weighted holdings have seen such activity over the past six months, highlighting investor confidence.
Among these holdings, BlackLine Inc (Symbol: BL) stands out. Making up 1.04% of TECB, the company has had two directors and officers invest in its shares recently. As of now, the ETF holds $4,514,280 worth of BL, ranking it as the #118 largest holding. Below is a summary of the recent insider purchases at BlackLine:
BlackLine Inc (BL) — Last Trade: $56.13 — Insider Buying Summary:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/24/2024 | Owen Ryan | CO-CEO | 3,000 | $49.88 | $149,650 |
| 05/31/2024 | Jimmy C. Duan | Chief Customer Officer | 2,000 | $47.73 | $95,450 |
| 06/11/2024 | Owen Ryan | CO-CEO | 7,552 | $46.11 | $348,226 |
Another notable component is BioCryst Pharmaceuticals Inc (Symbol: BCRX), which ranks as the #144 holding in TECB. This company has recently experienced significant insider buying, with 10 directors and officers filing Form 4 reports for shares purchased. The ETF holds $995,423 worth of BCRX, making up about 0.23% of its total assets. Here’s a closer look at the recent insider transactions at BioCryst:
BioCryst Pharmaceuticals (BCRX) — Last Trade: $8.37 — Insider Buying Summary:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/14/2024 | Anthony Doyle | Chief Financial Officer | 36,300 | $5.57 | $202,191 |
| 05/14/2024 | Helen M. Thackray | Chief R&D Officer | 30,000 | $5.86 | $175,800 |
| 05/13/2024 | Steven K. Galson | Director | 21,940 | $5.49 | $120,451 |
| 05/13/2024 | Alane P. Barnes | Chief Legal Officer | 5,000 | $5.53 | $27,650 |
| 05/13/2024 | Jon P. Stonehouse | President & CEO | 30,000 | $5.55 | $166,500 |
| 05/13/2024 | Charles K. Gayer | Chief Commercial Officer | 30,000 | $5.47 | $164,100 |
Recent Insider Transactions Highlight Key Director Investments
| 05/20/2024 | Nancy J. Hutson | Director | 5,000 | $6.38 | $31,900 |
| 05/20/2024 | Vincent Milano | Director | 15,000 | $6.25 | $93,750 |
| 05/24/2024 | Steve Aselage | Director | 2,500 | $6.40 | $16,000 |
| 05/30/2024 | Alan G. Levin | Director | 7,861 | $6.36 | $49,996 |
Discover 10 ETFs Featuring Stocks Insiders Are Actively Buying »
Further Reading:
– ELS Average Annual Return
– FTNT Technical Analysis
– Top Ten Hedge Funds Holding HK
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
