Top Insider Trades: FB LNKD SMM OMER

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 Friday, Jan. 4, 2013 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 InsiderInsights.com, 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.
Salient Mlp Fd (SMM) Reid Gregory PR,CEO,DIR 30,000 579,540
Omeros (OMER) Aspiri Ray DIR 40,000 228,800
Fnb Bancorp (FNBG) McGraw Thomas CEO,DIR 9,048 171,016
Sonus (SONS) Empire Capital BO 79,600 144,872
Ckx Lands (CKX) Ottley BO 10,089 140,221
Opko (OPK) Frost Phillip CEO,CB,BO 25,000 125,766
CB Mlp Fd (EMO) Cohen Harry MD,CIO 5,000 106,975
CB Mlp Fd (CEM) Cohen Harry MD,CIO 4,000 95,141
J&J Snack (JJSF) Brown Sidney DIR 1,175 75,059
Valhi (VHI) Simmons Harold CB,DIR,BO 4,000 51,800
Source: Insider Insights
Facebook (FB) Sandberg Sheryl COO,DIR 508,118 14,166,618
Linkedin (LNKD) Hoffman Reid DIR,BO 83,334 9,311,423
Linkedin (LNKD) Nishar Dipchand VP 70,875 7,928,430
Linkedin (LNKD) Weiner Jeff CEO,DIR 37,000 4,133,812
Thor (THO) Thompson Fdn BO 100,000 3,824,466
Dentsply (XRAY) Wise Bret CB,DIR 71,138 2,881,330
Visa (V) Lucio Antonio HR,SO 15,000 2,322,150
Cincinnati Bell (CBB) Cassidy John PR,CEO,DIR 329,026 1,826,094
Ehealth (EHTH) Healthcor BO 57,619 1,585,402
United (UAL) Tilton Glenn DIR 57,073 1,426,825
Source: Insider Insights

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 InsiderInsights.com, 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 TheStreet.com 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.

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