Insiders Trading DVA TTWO KMR VCRA

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK ( TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, November 13, 2012 as ranked by dollar value. Please note, however, that these are only factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular Top Insider Trades columns as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to contact us with any questions on our proprietary insider data, and how it is best analyzed.

Top 10 Open-Market Purchases

Davita(DVA) Berkshire Hathaway BO 548,823 61,552,068
Take Two(TTWO) Icahn Carl C BO 1,098,200 12,563,408
Janus Capital(JNS) Dai Ichi Life Ins BO 1,282,419 10,291,010
Viasat(VSAT) Fpr Partners BO 248,000 8,972,262
VMware(VMW) EMC BO 68,294 5,997,701
AGCO(AGCO) Srinivasan Mallika DIR 96,051 4,318,453
Strayer Education(STRA) Wargo J David DIR 60,000 2,754,600
Kinder Morgan Mgt(KMR) Kinder Richard D CB,CEO,DIR 20,000 1,454,802
Trans World(TWOC) Wynnefield Sm Cap BO 594,208 1,336,968
Halcon (HK) Wilson Floyd C CB,CEO,DIR 175,000 999,828

Top 10 Open-Market Sales

Google(GOOG) Page Lawrence CEO,DIR,BO 55,556 36,979,036
Reynolds American(RAI) Brown & Williamson BO 874,888 36,246,608
Jda Software(JDAS) Armstrong James D DIR 344,409 15,423,570
Vocera(VCRA) Nada Hany DIR 363,800 9,095,000
Seagate(STX) Luczo Stephen J CB,PR,CEO 250,152 7,354,469
Google(GOOG) Doerr L John DIR 7,495 5,000,241
Trans World(TWOC) Marxe A & Greenhse D BO 1,544,208 3,474,468
Credit(CACC) Prescott General BO 32,932 2,827,163
Demandware(DWRE) Schambach Stephan DIR,BO 87,407 2,275,204
Kilroy Realty(KRC) Kilroy John B Jr PR,CEO,DIR 50,000 2,215,110


Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.