By Davit Kirakosyan
Investing.com -- Here is your Pro Recap of the biggest insider trades you may have missed on InvestingPro over the past week. Start your free 7-day trial to get this news first.
Redfin chief picks up more than $300K worth
Redfin (NASDAQ:RDFN) shares gained more than 3% on Wednesday after CEO, Glenn Kelman bought 35,335 shares, or over $300,000 worth, at $8.623.
Earlier this month, the company reported its Q4 results, with EPS/revenues coming in better than the Street estimates. Q1/23 revenue guidance also came in above expectations.
Following the results, several analysts raised their price targets on the company, including Goldman Sachs with a new price target of $5.00 (from $4.50), Oppenheimer with a new price target of $7.00 (from $3.20), and Piper Sandler with a new price target of $5.00 (from $3.00).
Shares closed the week with more than a 9% loss.
Impinj director buys some $2M in stock
Impinj (NASDAQ:PI) shares rose more than 3% on Friday after Director, Steve Sanghi, bought 16,700 shares, or nearly $2 million worth, at $119.70.
The company reported its Q4 results earlier this month, with both EPS and revenues beating the consensus estimates. For Q1/23, the company expects EPS of $0.30-$0.36, compared to the consensus of $0.32, and revenue of $82-85 million, compared to the consensus of $76.86 million.
Shares were down more than 3% for the week.
A trio of insider buys
ConocoPhillips (NYSE:COP) Director, R.A. Walker, bought 6,000 shares, or $627,000 worth, at $104.50.
The company missed on its Q4 EPS earlier this month.
Newell Brands (NASDAQ:NWL) shares gained more than 4% on Thursday after CFO, Mark Erceg, bought 66,700 shares, or nearly $1M worth, at $14.99.
Shares were down more than 2% for the week.
Vishay Precision Group (NYSE:VPG) shares rose more than 3% on Wednesday after Director, Wes Cummins, bought 25,000 shares, or more than $1M worth, at $42.37-$41.30.
