Top Insider Trades: JCP, TIF, VPRT, ZIGO

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 Wednesday 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.
Qatar Inv Auth BO 1,486,240 103,534,208
Vistaprint (VPRT) Prescott GP BO 100,000 3,385,100
Mak Capital BO 122,202 1,802,480
Hermance Frank S DIR 35,000 1,258,110
Opko Health (OPK) Frost Phillip MD CEO,CB,BO 52,000 378,473
General Amer (GAM) Davidson Spencer CB,DIR,DIR 14,189 362,999
California Water (CWT) Nelson Peter C CB,CEO 12,504 257,832
Uni Stainless (USAP) Pennant Capital BO 6,100 218,700
Owens B Craig DIR 2,935 199,058
California Water (CWT) Kropelnicki Martin PR,COO 7,753 159,867
Source: Insider Insights
J C Penney Co (JCP) Vornado Rlty Tr BO,DIR 10,000,000 160,300,000
Warner Chilcott (WCRX) Connaughton John DIR 10,590,608 142,655,488
Google (GOOG) Brin Sergey F,DIR,BO 83,334 69,642,768
Adair A Jayson CEO,DIR 496,460 16,814,070
Axis Capital (AXS) Gressier John CEO 370,064 14,830,722
Summit Partners PT,BO 1,000,000 13,310,000
Mastercard (MA) Mastercard Fdn BO 24,963 13,090,254
Charter Comms (CHTR) Crestview Partners BO 139,254 12,121,635
Cvb Financial (CVBF) George Borba Tr DIR,BO 832,904 8,887,925
Domain Parters BO 250,000 6,148,602
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, 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.