$159 million) the stock has performed well, up almost 30% at its highs earlier this month compared with the price before the Q4 report. 7cents) and revenue estimates ($168 million vs. LNKD reported a bullish Q4 earlier this month, beating analyst earnings (12cents vs. The largest sales were by CEO Jeff Weiner (74,584 shares), CFO Steven Sordello (40,000 shares) and Director and 10% owner Reid Hoffman (78,667 shares). On Wednesday, eight insiders filed SEC Forms 4 indicating that they converted Class B common stock into Class A common stock and sold the resulting 245,747 (Class A common) shares for $21.9 million, pursuant to 10b5-1 plans. ( LNKD): LNKD operates an online professional network via its proprietary social networking platform that enables members to create, manage and share their professional identities online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. The strong performance is based on positive major developments in its exploration activities off Angola in West Africa. CIE shares have mounted among the most remarkable rallies in the energy sector, at least among mid- and large-cap names, rising more than four-fold at its peak earlier this month since the break-out in mid-December. First Reserve has been a long-term holder of CIE since 2007, when it joined Goldman Sachs and others and made a $350 million commitment to CIE, and it may be taking advantage of the recent strong performance of CIE shares to start exiting its large position. On Wednesday, 10% owner William Macaulay on behalf of Greenwich, CT-based leading private equity First Reserve Corporation, of which he is Chairman & CEO and that has over $21 billion in assets, filed SEC Form 4 indicating that he sold 11.8 million shares for $320.5 million, ending with 62.4 million shares after the sale. Gulf of Mexico, and in offshore Angola and Gabon in West Africa. We believe it is likely that absent any new positive developments, the stock is likely to consolidate here, within shooting range of its all-time highs, and the sharp reversal earlier this week could be the beginnings of a consolidation pullback.Ĭobalt International Energy ( CIE): CIE is engaged in the exploration and production of oil primarily in the deepwater of the U.S. At current prices, however, the stock is extended technically, and trades at an expensive 3.2 P/B and 4.8 PSR (price-to-sales). These include a historic low in natural gas prices that is presenting opportunities to displace coal in electricity generation, and oil in the 63transportation sector, buoyed further by President Obama's announcement in his recent State of the Union speech of the intention (of the government) to push forward the use of natural gas-powered car development. In comparison, insiders sold 3.0 million shares in the past year.ĬLNE shares are up sharply this year, as much as over two-thirds earlier this week, buoyed by both strong company fundamentals as well as external developments. Of these, the large majority, 200,000 shares, were sold by CEO Andrew Littlefair, and he ended with 0.25 million shares after the sale. On Wednesday, two insiders filed SEC Forms 4 indicating that they sold 206,000 shares for $4.1 million, pursuant to 10b5-1 plans. and Canada, including customers in the refuse, transit, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets. ( CLNE): CLNE, founded by famed energy investor and hedge fund manager Boone Pickens, provides natural gas as an alternative fuel to vehicle fleets in the U.S. The filings are noteworthy based on the dollar amount sold, the number of insiders buying or selling, and based on whether the overall buying or selling represents a strong pick-up based on historical buying and selling in the stock.Ĭlean Energy Fuels Corp. These were selected by a review of more than 475 separate transactions in more than 250 different companies filed by insiders on Wednesday. We present here two noteworthy buys and 10 noteworthy sells from Wednesday's SEC Form 4 (insider trading) filings, as part of our daily and weekly coverage of insider trades.
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