CEO of Natus Medical Inc. (BABY) Buys Shares, Plus Other Fresh Notable Insider Transactions

Board Member at Battered Multi-Channel Retailer Buys Shares on Weakness

One member of Lands’ End Inc. (NASDAQ:LE)’s boardroom piled up some shares earlier this week. Board member Jignesh M. Patel bought 2,500 shares on Wednesday for $15.15 each, lifting his overall holding to 10,000 shares.

The shares of the multi-channel retailer of clothing, accessories and footwear tumbled by 19% in the past five trading sessions following the announcement that Federica Marchionni stepped down from her role as Chief Executive Officer after less than two years on the job. In a statement, the freshly-resigned CEO said that “the Board of Directors and I have agreed it is time for others to bring Land’s End into the future.” Although Lands’ End Inc. (NASDAQ:LE)’s sales had embarked on a downtrend prior to Federica Marchionni becoming CEO, the company’s top line fell for seven consecutive quarters under her leadership. The company posted net revenue of $292.0 million for the three months that ended July 29, down from $312.4 million recorded for the same period of the prior year. Royce & Associates, founded by Chuck Royce, was the owner of 99,000 shares of Lands’ End Inc. (NASDAQ:LE) at the end of June.

Embryonic Cluster of Insider Buying at Maker of Sodas

Shortly after Reed’s Inc. (NYSEMKT:REED)’s Chief Financial Officer, Daniel V. Miles, purchased 8,000 shares on Tuesday, another member of the company’s executive team bought some shares on Wednesday. A cluster of insider buying appears to be emerging at the company. Neal Cohane, Senior Vice President and Marketing, acquired 13,500 shares on Wednesday at $3.78 apiece. After the recent purchase, Mr. Cohane currently owns 173,177 shares.

Although the shares of the maker of natural non-alcoholic carbonated soft drinks are down 28% year-to-date, the stock has gained an impressive 58% in the past three months. Reed’s Inc. (NYSEMKT:REED)’s second-quarter gross sales dropped to $11.84 million from $13.17 million recorded last year. Both Reed’s Ginger Brew and Virgils’ brands were down versus the same period of the previous year. However, Reed’s Ginger Brew and Virgils’ craft soda products gross sales grew sequentially relative to the first quarter by 3.6% and 17.1%, respectively. Jim Simons’ Renaissance Technologies LLC reported ownership of 109,500 shares of Reed’s Inc. (NYSEMKT:REED) in its 13F for the second quarter.

The final page of this article will discuss fresh insider selling observed at two other companies.