Weekly CEO Buys Highlight
- By Joy Hu
According to GuruFocus insider data, these are the largest CEO buys from the past week.
Tradeweb Markets CEO bought 20,000 shares
Tradeweb Markets Inc. (TW) CEO Lee Olesky bought 20,000 shares on April 8 for a price of $27 per share. The stock price has grown 55.07% since then.
Tradeweb Markets operates electronic marketplaces for rates, credit, equities and money markets, offering institutional, wholesale and retail market participants liquidity, advanced technology and a broad range of data solutions to deliver price discovery, order execution and trade workflows. The company has a market cap of $9.46 billion. Its shares traded at $41.87 with a price-earnings ratio of 0.04 as of April 12.
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The intrinsic value of TW
On April 8, Tradeweb announced the closing of its initial public offering of 46,000,000 shares of Class A common stock, including the full exercise by the underwriters of their option to purchase 6,000,000 shares of Class A stock, at a price of $27 per share.
Chief Financial Officer Robert J. Warshaw bought 8,000 shares on April 8 for an average price of $27 per share. Since then , the share price has increased 55.07%.
Managing Director of Europe and Asia Enrico Bruni bought 30,000 shares on April 8 for $27 per share. Chief Administrative Officer Scott Zucker bought 4,000 shares.General Counsel and Secretary Douglas Friedman bought 3,000 shares. President William Hult bought 12,000 shares. Managing Director of Corporate Development Simon Maisey bought 5,500 shares.
OPKO Health CEO bought 60,000 shares
OPKO Health Inc. (OPK) Chairman and CEO Phillip Frost bought 60,000 shares during the past week for an average price of $2.51 per share.
The diversified health care company seeks to establish industry-leading positions in large, rapidly growing markets. The company has a market cap of $1.53 billion. Its shares traded at $2.48 as of April 12.
The net loss for the first quarter of 2018 was $43.1 million, compared to a net loss of $34.5 million in the prior-year quarter.
Frost bought 40,000 shares on April 2 for $2.53 per share; 20,000 shares on April 4 at a price of $2.53; 10,000 shares on April 9 at a price of $2.51; 20,000 shares on April 10 at a price of $2.53; and 30,000 shares on April 11 at a price of $2.49. The share price has declined 0.4% since then.
For the complete list of stocks bought by company CEOs, go to CEO Buys.
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.
Warning! GuruFocus has detected 2 Warning Sign with UNH. Click here to check it out.
The intrinsic value of TW
