Top Insider Trades: DGIT GDP ALXN SPB

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, April 12, 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, 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.
Dig. Gen. (DGIT) Meruelo Alex BO 1,543,228 10,095,070
Goodrich Pet. (GDP) Austin Josiah DIR,BO 60,000 1,500,000
Catasys (CATS) Peizer Terren CB,CEO,BO 17,300,000 1,211,000
Spectrum (SPB) Harbinger BO 18,200 1,051,804
Goodrich Pet. (GDP) Malloy Patrick CB,DIR,BO 40,000 1,000,000
Trans World (TWOC) Wynnefld SmCap BO 171,821 438,144
Pope (POPE) Dahl J. BO 5,000 307,700
Catasys (CATS) Smith David BO 3,257,143 228,000
First Security (FSGI) Mauldin Larry DIR 150,000 225,000
First Security (FSGI) Kramer D Michael CEO,DIR 100,000 150,000
Source: Insider Insights
Google (GOOG) Page Lawrence CEO,DIR,BO 41,668 32,831,738
Workday (WDAY) Bhusri Aneel CEO,CB,BO 75,000 4,467,669
Alexion Pharm (ALXN) Bell Leonard CEO,DIR 26,700 2,676,408
Del Friscos (DFRG) Grayken John BO 150,000 2,422,500
Workday (WDAY) Cheryl Duffield Tr BO 40,000 2,325,860
Lpl Fin. (LPLA) Putnam James DIR 65,000 2,210,650
Evolution Petrol (EPM) Peninsula Cap Mgt DIR 206,830 2,120,265
Facebook (FB) Ullyot T. VP,GC,SEC 51,270 1,409,279
Accenture (ACN) Deblaere Johan COO 17,114 1,310,137
Logitech Intl (LOGI) Borel Daniel DIR 150,000 1,052,000
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.

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