Insider trades: Sales continue at Nvidia; Broadcom, Blackstone among other notable names

Numerous directors at Nvidia engaged in significant insider sales, including Mark Stevens selling 350,000 shares for $61.74 million, with other directors also selling substantial amounts, indicating notable trading activity within the company.

Broadcom's CEO Hock Tan sold 100,000 shares valued at $33.96 million, while CrowdStrike's CEO George Kurtz and Blackstone director Joseph Baratta also executed significant sales, reflecting ongoing insider trading across multiple firms.

Conversely, several executives, such as Canopy Growth's CEO Luc Mongeau and Marvell Technology's Chairman Matthew Murphy, made insider purchases, indicating confidence in their respective companies despite the sell-offs by other insiders.

Prospect Capital's CEO John Barry made large investments totaling approximately $4 million, emphasizing active insider trading involving both purchases and sales in the market among various firms.

Insider Trade Activity Analysis: Nvidia and Other Firms

This past week, insider trading activity remained notable, particularly at Nvidia (NASDAQ: NVDA), with multiple directors participating in share sales. Other companies, including Broadcom (NASDAQ: AVGO) and Blackstone (NYSE: BX), also experienced insider trading. Below is a summary of the transactions that took place between September 22 and September 26.

At Nvidia, several directors engaged in significant sales:

• Mark Stevens sold 350,000 shares at a price of $176.39, amounting to a total value of $61.74 million. Following this transaction, he retains ownership of 35 million shares.

• Harvey Jones sold 250,000 shares at $176.21 each for a total of $44.05 million, leaving him with 7.25 million shares in the company.

• Director Persis Drell sold 40,000 shares at $177.65, generating $7.11 million and reducing her involvement to 142,627 shares.

In the case of Broadcom, CEO Hock Tan sold 100,000 shares at $339.58, resulting in $33.96 million and reducing his holdings to 1.21 million shares.

CrowdStrike (NASDAQ: CRWD) CEO George Kurtz sold 17,830 shares at $494.53 each, totaling $8.82 million, but retains 2.22 million shares after this transaction.

Joseph Baratta, a director at Blackstone, sold a total of 113,000 shares within the price range of $175.67 to $176.40, which equated to a value of $19.85 million, leaving him with 695,757 shares.

In a different context, Canopy Growth (NASDAQ: CGC) CEO Luc Mongeau purchased 27,469 shares at a price of $1.82 each, spending approximately $50,000 and raising his stake to 812,368 shares.

Marvell Technology (NASDAQ: MRVL) Chairman Matthew Murphy invested in the firm, acquiring shares worth $1.05 million by purchasing 13,600 shares at $77.09 each, thus increasing his holdings to 268,637 shares.

Prospect Capital (NASDAQ: PSEC) CEO John Barry made substantial investments as well, acquiring 374,500 shares at $2.66, followed by an additional purchase of 384,000 shares at the same price for a comprehensive value of $2.02 million. Barry secured another 741,158 shares for approximately $2 million, culminating in a total holding of 85.51 million shares.

This summary encapsulates a range of insider trading activities among key players from various technology and investment sectors during the week in question.