Top Insider Trades: AGCO RALY PZG CLMS

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 Thursday 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.
Srinivasan Mallika DIR 140,243 6,712,030
Sofinnova Capital VI BO 625,000 5,000,000
Inspiremd (NSPR) Stuka Paul DIR 250,000 500,000
Rally Software (RALY) Bogan Thomas F DIR 35,714 499,996
MVC Capital (MVC) Goldstein Phillip DIR 13,803 172,829
Rally Software (RALY) Wolf Timothy V DIR 8,571 119,994
Verastem (VSTM) Chp III BO 5,631 53,489
Paramount Gold (PZG) Crupi Christopher CEO,DIR 29,500 44,350
Calamos Asset (CLMS) Calamos John P CB,CEO,BO 3,856 42,398
Winnebago (WGO) Schroepfer Mark DIR 2,000 34,996
Source: Insider Insights
Realogy (RLGY) Apollo Mgt BO 40,250,000 1,722,297,472
Calpine (CPN) Lsp Cal BO 10,000,000 209,600,000
Chuys (CHUY) Goode Chuys BO 2,917,679 92,432,073
Foss Donald A CB,DIR,BO 750,000 75,206,248
Calpine (CPN) Luminus Energy BO 1,250,000 26,200,000
Linkedin (LNKD) Hoffman Reid DIR,BO 83,334 14,967,634
Linkedin (LNKD) Weiner Jeff CEO,DIR 37,000 6,645,556
Jacobson Mitchell DIR,BO 50,000 3,910,998
Synchronoss (SNCR) Waldis Stephen CEO,CB,DIR 55,000 1,482,850
Boston Beer (SAM) Koch C James CB,DIR,BO 9,000 1,444,040
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.