Eye-Catching Insider Selling at Ross Stores, Celgene Corporation, Copart; Two Other Companies Register Insider Buying

CEO and CFO of Low-Priced Biopharmaceutical Company Acquire New Stakes

Two of the most influential executives at Neuralstem Inc. (NASDAQ:CUR) bought shares this past week. Jonathan Brian Lloyd, Chief Financial Officer since mid-May 2015, acquired a new stake of 31,250 shares on Friday at $0.32 apiece. Richard J. Daly, appointed as President and Chief Executive Officer in February of 2016, also snatched up a new stake of 31,250 shares for $0.32 each. Both the CFO and the CEO acquired the shares in private transactions directly from the company.

The shares of the biopharmaceutical company focused on the development of central nervous system therapies based on its neural stem cell technology are up 18% thus far in 2016. Neuralstem Inc. (NASDAQ:CUR)’s patented technology facilitates the production of various types of central nervous system stem cells, which are being developed for the treatment of central nervous system diseases and conditions. There were a mere three hedge funds followed by Insider Monkey with equity stakes in Neuralstem at the end of June, hoarding up around 7% of the company’s total number of outstanding shares. Hal Mintz’s Sabby Capital added a 6.50 million-share stake in Neuralstem Inc. (NASDAQ:CUR) to its pool of holdings during the April-to-June quarter.

Influential Executives at Online Re-Marketer of Vehicle Discard Shares

Several top-tier members of Copart Inc. (NASDAQ:CPRT)’s management team discarded a great deal of shares last week. Vincent W. Mitz, President of Copart since February 2010, liquidated 138,875 shares on Thursday at prices varying from $52.85 to $53.57 per share, cutting his direct ownership stake to 123,830 shares. Mr. Mitz also sold out an entire stake of 61,125 shares held through the KMM Investment Trust at prices that fell in the range of $53.37 and $54.00 per share. More importantly, Chief Executive Officer A. Jayson Adair sold 84,967 shares on Thursday and 115,033 shares on Friday at prices ranging from $53.00 to $54.12 per share. The freshly-sold shares were held indirectly through the A. Jayson Adair and Tammi L. Adair Revocable Trust, which currently owns 3.99 million shares.

The fresh insider selling comes shortly after the provider of online auctions and vehicle remarketing activities released its financial results for the quarter and year that ended July 31. Copart Inc. (NASDAQ:CPRT) reported revenue of $1.3 billion for its recently-completed fiscal year, marking an increase of 10.7% year-over-year. Meanwhile, the company’s bottom line jumped by 23.0% year-over-year to $270.4 million. The leading online re-marketer of vehicles has seen its market capitalization rise by an impressive 41% since the start of the year. Royce & Associates, founded by Chuck Royce, was the owner of 2.41 million shares of Copart Inc. (NASDAQ:CPRT) at the end of June.

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