Top Insider Buys Highlight for the Week of July 17
According to GuruFocus data, the largest Insider Buys this week were for nCino Inc. (NASDAQ:NCNO), Science Applications International Corp. (NYSE:SAIC), Perspecta Inc. (NYSE:PRSP) and Bed Bath & Beyond Inc. (NASDAQ:BBBY).
Ncino Inc: Director Steven A. Collins bought 32,250 shares
Director Steven A. Collins bought 32,250 shares on July 16 at the average price of $31.
Ncino Inc. is an American financial technology company that focuses on developing software for the banking industry. The company's customers include TD Bank, Truist Financial and Santander Bank. The company has a market capitalization of $6.63 billion, and as of July 17 it traded at $74.00.
On July 7, nCino Inc. announced that it has launched its initial public offering of 7,625,000 shares of its common stock. The underwriters of the offering will have a 30-day option to purchase up to 1,143,750 additional shares of the company's common stock. The initial public offering price is expected to be between $22.00 and $24.00 per share.
Science Applications International Corp: Executive VP and CFO Charles Alexander Mathis bought 1,450 shares
Executive VP and Chief Financial Officer Charles Alexander Mathis bought 1,450 shares on July 10 at the average price of $69.80. The price of the stock has increased by 3.01% since.
Science Applications International Corp. is an American international technology company that focuses on providing government services and information technology support. The company is a component of the S&P 400. The company has a market capitalization of $4.18 billion, and as of July 17 it traded at $71.90.
On June 24, Science Applications International Corp. announced that the company has received a contract from the U.S. Air Force 557th Weather Wing to manage and modernize the hardware and software for its Technology Application Development and Sustainment system to develop accurate weather reports.
Perspecta Inc: Director Philip O. Nolan bought 4,585 shares
Director Philip O. Nolan bought 4,585 shares on July 13 at the average price of $21.97. The price of the stock has increased by 5.87% since.
Perspecta Inc. is an American public government contractor that was formed from the merger between Vencore, DXC Technology and KeyPoint Government Solutions. The company has over 260 issued, licensed and pending patents and offers solutions in mission services, digital transformation and enterprise operations. The company has a market capitalization of $3.74 billion, and as of July 17 it traded at $23.26.
On July 13, Perspecta Inc. announced that the company's applied research arm, Perspecta Las, has received a contract award on the Defense Advanced Research Projects Agency Fast Network Interface Cards program. The award has a total potential ceiling of $37 million and a four-year period of performance if all options are exercised.
Bed Bath & Beyond Inc: Director Sue Gove bought 34,000 shares
Director Sue Gove bought 34,000 shares on July 13 at the average price of $7.89. The price of the stock has increased by 16.86% since.
Bed Bath & Beyond Inc. is an American international chain of merchandise retail stores that operate in the United States, Canada and Mexico. The company sells mostly bedroom, bathroom and kitchen products. The company has a market capitalization of $1.16 billion, and as of July 17 it traded at $9.22.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
