© Reuters.
By Davit Kirakosyan
Investing.com — Here’s a professional roundup of some of the biggest inside trades you might have missed last week.
SoFi Technologies CEO buys more shares despite stock pressure due to SVB collapse
SoFi Technologies (NASDAQ:) CEO Anthony Noto bought 45,000 shares, or a value of $242,712, at $5.3936.
Earlier this month, Noto bought 180,000 shares, or nearly $1 million, at about $5.53.
The company’s shares have come under pressure due to the collapse of SVB Financial and the resulting banking sector fallout, falling more than 17% since the beginning of the month.
Last week, the company issued a statement affirming its financial health and informing its investors that it has no assets in Silicon Valley Bank.
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Charles Schwab CEO buys 50,000 shares
charles schwab (NYSE:) The CEO said he bought 50,000 shares of the company during his interview with CNBC on Tuesday.
Last week, Citi upgraded the rating on Charles Schwab to Buy from Neutral with a $75.00 price target (from $83.00), noting that it sees attractive risk/reward at current levels after a significant drop. in the share price last week amid the collapse of SVB.
Meanwhile, Credit Suisse upgraded Charles Schwab’s rating to Outperform from Neutral with a $67.50 price target (from $81.50), noting that client selection will persist, but such risks appear manageable.
The company is scheduled to report its first-quarter earnings on the 23rd next month. Wall Street analysts expect EPS of $0.95, up from $0.77 last year.
Shares fell nearly 4% this week.
Centene CEO Buys $1.9M in Stock
hundreds (NYSE:) CEO Sarah London bought 30,000 shares, or nearly $1.9 million, at $62.60.
Earlier this month, Deutsche Bank downgraded the company’s rating to Hold from Buy and lowered its price target to $79.00 from $94.00, saying it is increasingly concerned that the risk of redeterminations and risks to Medicare Advantage membership/earnings are not fully reflected in the share price. or consensus estimates.
The shares closed the week with a loss of close to 4%.
3 more rebuys
United Airlines (NASDAQ:) CEO Edward Shapiro bought 25,000 shares, or more than $1 million, at $42.5859. The purchase brought his stake to 200,000 shares.
Shares have come under pressure recently after the company downgraded its outlook. The carrier now expects to report an adjusted loss per share of $0.60-$1.00, a significant negative revision from the previous outlook that called for a profit of $0.50-$1.00. Analysts had expected earnings per share of $0.63.
Shares are down more than 15% this week.
Enovix (NASDAQ:) Chairman Thurman John Rodgers bought 129,111 shares, or a value of $1.35 million, at $10.47.
Shares gained more than 17% this week.
devon energy (NYSE:) sees a couple of insider buys amid recent weakness from lower oil prices, with CEO Richard Muncrief buying 7,500 shares, or $377,250 worth, at $50.30 and CEO of trading, Clay Gaspar, buying 20,000 shares, or nearly $1 million worth, at $50.30 $49.98.
Stocks closed the week with more than 9% losses.
