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Biggest Year-to-Date CEO Sells

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GuruFocus.com
·5 min read
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From the GuruFocus Insider Trends, the top year-to-date CEO sells of 2020 include Antero Midstream Corp. (NYSE:AM), Baja Custom Design Inc. (BJCD), CytoDyn Inc. (CYDY) and Snap Inc. (NYSE:SNAP).

CEOs and insiders in general have access to the most information about the companies they work for. The activities of these insiders can serve as a good indicator of market highs and lows.


Antero Midstream

On May 5, CEO Paul Rady sold 18 million shares for an average price of $4.10 per share. Overall, the sale represented a 62.39% reduction in his holding. Since the sale, the shares have risen 44.63% in price.

Overall, the company has seen a rise in insider sales since March 31 as the value of the stock has begun to trend upward.

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Antero Midstream owns, operates and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants and water handling and treatment assets. The company, through its wholly-owned subsidiary Antero Midstream Partners and its affiliates, provides midstream services to Antero Resources Corp. (AR) under long-term contracts.

As of June 16, the company was trading at $5.93 per share witha market cap of $2.77 billion. GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rank of 3 out of 10. The company spent the majority of the last year trading below its intrinsic value according to the Peter Lynch chart.

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Baja Custom Design

CEO and 10% owner Linda Masters sold 14.96 million shares for an average price of 15 cents per share on April 15. The sale represented an overall 99.73% reduction in the holding. Since the sale, shares have decreased in price by 13.33%. Masters' sale represents the only sale in GuruFocus' data.

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Baja Custom Design is engaged in the business of sourcing readymade and custom furniture and decor items. The company offers products such as window coverings, decorative tiles, lighting, glass and mirrors, traditional furniture, contemporary furniture and others.

As of June 16, the stock was trading at 13 cents per share with a market cap of $3.33 million. There is currently not enough financial data to display a Peter Lynch chart. The company has a cash-to-debt ratio of 0.05 and a return on assets of -800%. The company is yet to see positive net income.

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CytoDyn

On May 4, President and CEO Nader Pourhassan sold 4.82 million shares for an average price of $3.27 per share. Overall, the sale represented an 83.92% reduction in the holding. Since the sale, the price of the stock has decreased 6.42%.

The sale by Pourhassan is one of the few few insider trades since 2016.

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CytoDyn is a U.S.-based clinical-stage biotechnology company that focuses on the development and potential commercialization of humanized monoclonal antibodies to treat human immunodeficiency virus (HIV) infection. The lead product candidate is PRO 140, which is a class of HIV therapy called entry inhibitors that block HIV from entering into and infecting certain cells.

While there is not enough historical financial data to support a Peter Lynch chart, GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rank of 1 out of 10. The cash-to-debt ratio of 1.71 is lower than 71.39% of biotechnology companies. Recent years have seen decreasing levels of cash flow and net income.

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Snap

On May 1, CEO and 10% owner Evan Spiegel sold 3.87 million shares for an average price of $16.80 per share. The sale represented a 6.02% reduction in the holding. Shares have increased in price by 24.35% since the sale. Spiegel has also sold an additional 3.83 million shares since the May 1 sale in two separate transactions.

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Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The company has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising, with 88% coming from the U.S. It is headquartered in Venice, California.

As of June 16, the stock was trading at $20.90 per share with a market cap of $30.21 billion. GuruFocus currently gives the company a financial strength rating of 6 out of 10 and a profitability rank of 1 out of 10. The low profitability rank comes in part due to negative operating margin and net margin percentages. However, the company does see a three-year revenue growth rate of 52.7% beating out 88.10% of competitors.

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Disclosure: Author owns no stocks mentioned.

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This article first appeared on GuruFocus.