KKR

Thursday 2/12 Insider Buying Report: KKR, VRNS

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

At KKR, a filing with the SEC revealed that on Monday, Timothy R. Barakett bought 50,000 shares of KKR, at a cost of $104.93 each, for a total investment of $5.25M. Barakett was up about 2.9% on the buy at the high point of today's trading session, with KKR trading as high as $107.99 at last check today. KKR is trading up about 0.6% on the day Thursday. Before this latest buy, Barakett made one other purchase in the past twelve months, buying $4.13M shares at a cost of $117.92 a piece.

And at Varonis Systems, there was insider buying on Monday, by CEO Yakov Faitelson who purchased 26,725 shares at a cost of $22.41 each, for a trade totaling $598,907. This buy marks the first one filed by Faitelson in the past twelve months. Varonis Systems is trading down about 2.2% on the day Thursday. Faitelson was up about 19.1% on the buy at the high point of today's trading session, with VRNS trading as high as $26.69 at last check today.

Thursday 2/12 Insider Buying Report: KKR, VRNSVIDEO: Thursday 2/12 Insider Buying Report: KKR, VRNS

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.