Key facts
- The Walton family holdings trust sold $200.7 million of Walmart Inc. stock.
- Dropbox co-CEO Ashraf Alkarmi sold 16,000 shares of company stock valued at $632,496 on June 3, 2024.
- Natera's president sold 655,294 shares of common stock valued at $655,294.
- Brightspring CFO Jennifer Phipps sold $2.06 million in company stock.
- Copt Defense Properties director Pickett sold $1.03 million in stock.
- Alpha Metallurgical Resources COO Jason Whitehead sold 13,900 shares valued at $828,000.
- Stifel analyst Jon Morrison raised Marvell Technology's price target to $321 from $291.
- GoDaddy CFO Mark McCaffrey sold $355,665 worth of company stock on November 14, 2023.
- Standard Motor Products CIO Ray sold $74,646 in company stock on October 26, 2023.
A wave of stock sales by corporate insiders has been reported across various companies, with executives and directors divesting significant amounts of their holdings. Dropbox co-CEO Ashraf Alkarmi sold 16,000 shares of company stock valued at $632,496 on June 3, 2024. Natera's president also sold 655,294 shares of common stock, a transaction valued at $655,294, which may offer insights into the company's perceived value.
Other notable sales include Acuity CFO Karen Holcom selling $629,318 in company stock, and Nlight President and CEO Scott Keeney divesting $6.29 million worth of company stock. Brightspring CFO Jennifer Phipps sold $2.06 million in company stock, while Copt Defense Properties director Pickett sold $1.03 million in stock. Alpha Metallurgical Resources COO Jason Whitehead sold 13,900 shares valued at $828,000, and Innovex International president Mark Reddout sold $301,000 worth of stock. Kaltura Chief Commercial Officer Natan Israeli sold a smaller amount, $300 worth of stock.
Further transactions involve Grid Dynamics COO Yury Gryzlov selling $35,480 in company stock, EverCommerce president Feierstein selling $228.5k in stock, and Cargurus General Counsel Javier Zamora selling $238,000 worth of company stock. Ziff Davis director Barsten sold $150,615 worth of company stock, and PayPal's Global Markets President sold $144,579 worth of company stock. Rackspace Technology Chief Human Resources Officer Kellie Teal-Guess sold $188,850 in company stock, and Western Digital's Chief Legal Officer sold $235,000 worth of company stock. Standard Motor Products Chief Information Officer Ray sold $74,646 in company stock on October 26, 2023. GoDaddy Chief Financial Officer Mark McCaffrey sold $355,665 worth of company stock on November 14, 2023.
In a separate development, the Walton family holdings trust sold $200.7 million of Walmart Inc. stock. Meanwhile, Stifel analyst Jon Morrison reiterated a Buy rating on Marvell Technology, raising the price target to $321 from $291, driven by expectations for strong AI connectivity revenue growth.