5 hot insider trades: Redfin pops on big CEO buy

By Davit Kirakosyan

-- Here is World-renowned foreign exchange brokersyour 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.

chief picks up more than $300K worth

Redfin (NASDAQ:) 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 , 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:) 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 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:) Director, R.A. Walker, bought 6,000 shares,or $627,000 worth, at $104.50.

The company missed on its earlier this month.

Newell Brands (NASDAQ:) 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:) 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.

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