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 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.
Pac Merc (PMBC) Carpenter Fund DIR,BO 2,222,222 14,999,998
AGCO (AGCO) Srinivasan Mallika DIR 261,091 13,514,070
Atwood Thomas G DIR,BO 288,098 5,761,960
Garrison (GARS) Tansey Joseph B CEO,DIR,BO 66,667 1,000,005
Macquarie (MIC) Hooke James CEO 13,327 681,410
Opko Health (OPK) Frost Phillip MD CEO,CB,BO 66,900 498,607
Garrison (GARS) Astruc Rafael DIR 13,000 195,000
Garrison (GARS) Guthrie Roy A DIR 10,000 150,000
Streeter Stephanie DIR 2,500 113,450
North Star Inv BO 8,700 106,201
Source: Insider Insights
Activision (ATVI) Kotick Robert A PR,CEO,DIR 843,116 12,284,200
Brown Forman (BFB) Frazier Laura BO 84,652 6,000,134
Ironwood (IRWD) FMR BO 158,068 2,908,530
Steelcase (SCS) Crawford William DIR 165,400 2,382,142
Palo Alto Net (PANW) Zuk Nir CTO,DIR 30,000 1,657,238
Alon Usa (ALJ) Alon Israel Oil BO 75,683 1,446,302
Demandware (DWRE) Whitcomb Wayne CTO 38,350 971,022
Boston Beer (SAM) Koch C James CB,DIR,BO 6,000 955,033
Mace Roy W VP,CAO 25,000 931,250
Bristol Myers (BMY) Cornelius James DIR 20,000 826,800
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.