More Insider Trading at WWE, Plus 4 Other Stocks With Notable Insider Trading Activity

More Insider Activity at World Wrestling Entertainment, Inc. (NYSE:WWE)

The flurry of recent insider trading activity at World Wrestling Entertainment, Inc. (NYSE:WWE) continued at the end of last week, as WWE Studios’ President Michael Luisi sold 7,875 shares between Thursday and Friday at an average price of $21.39 per share. Mr. Luisi now owns a direct ownership stake of 56,500 shares.

The latest insider sale follows multiple sales transactions over the past two weeks, involving CEO Vince McMahon and his wife Linda, as well as Chief Revenue and Marketing Officer, Michelle D. Wilson. WWE shares have enjoyed a steady upward run since mid-April, gaining over 33%. WWE has projected an average of 1.49 million subscribers for the third quarter, which would represent a 27% year-over-year increase. David Forster and Peter Wilton‘s IBIS Capital Partners boosted its stake in WWE by 168% to 599,477 shares during the second quarter.

NetApp Inc. (NASDAQ:NTAP) CEO Unloads Half His Stake

Next up is NetApp Inc. (NASDAQ:NTAP), where CEO George Kurian sold 48,176 shares on Friday, after a Non-Qualified Stock Option vested on the same day, granting him 32,500 shares. The Chief Executive now holds a stake of 44,570 shares directly.

Shares of NetApp have gained over 42% since the beginning of July, which included a big spike on August 18 after it released its first quarter of fiscal year 2017 results. Earnings per share of $0.46 easily topped the estimates of $0.36, while revenue of $1.29 billion was $30 million ahead of estimates. The company’s revenue guidance for its fiscal second quarter also came in $70 million ahead of estimates at the mid-point of its guidance range. John Brennan’s Sirios Capital Management owns 2.49 million shares of NetApp Inc. (NASDAQ:NTAP) as of the end of June.

Evercore Partners Inc. (NYSE:EVR) CEO Continues to Sell Shares for Loan Purposes

The CEO of Evercore Partners Inc. (NYSE:EVR) was busy selling more shares at the end of last week, after unloading 70,000 shares between August 19 and August 23. Ralph L. Schlosstein, the company’s CEO and President, sold another 125,212 shares between August 24 and August 26, lowering his direct ownership position in the company to 284,928 shares. As each of the last two filings have reported, the shares that Mr. Schlosstein sold were previously pledged for the purposes of securing a loan, and have been sold to pay down that loan. 71,849 shares of Mr. Schlosstein’s remaining direct ownership stake cover the remaining balance of the loan. The CEO also has beneficial ownership of 1.39 million partnership units in Evercore LP, 463,822 of which are held in a trust for the benefit of his family.

While being down by 4.5% this year, shares of Evercore have rebounded strongly from their sharp post-Brexit decline. The investment advisory firm has enjoyed strong activity across many sectors this year, including healthcare, while its underwriting activity also rebounded strongly in the second quarter. 19 funds in our system held shares of Evercore Partners Inc. (NYSE:EVR) at the end of June, down from 21 three months earlier.

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