Hedge Fund and Insider Trading News: Bill Ackman, Ray Dalio, Highland Capital Management, Reata Pharmaceuticals Inc (RETA), Ulta Beauty Inc. (ULTA), and More

Reata Pharmaceuticals Inc (RETA) CEO James Warren Huff Sold $5.5 million of Shares (Guru Focus)
CEO of Reata Pharmaceuticals Inc., James Warren Huff, sold 63,000 shares of RETA on 09/27/2019 at an average price of $86.61 a share. The total sale was $5.5 million. Reata Pharmaceuticals Inc is a clinical stage biopharmaceutical company engaged in identifying, developing, and commercializing product candidates to address rare and life-threatening diseases by targeting molecular pathways.

Congressman Pleading Guilty To Insider Trading Somehow Avoids Getting Two-Year SEC Ban From Doing Congress (Deal Breaker)
Here at Dealbreaker dot com, we’ve been trying to get away from all the recent political chaos stuff and go back to what do at our mediocre best: Stupid venal behavior involving money by people who should know better. Oh, here’s some fun insider trading news… Disgraced upstate Republican Rep. Chris Collins resigned from Congress on Monday — a day before he was expected to plead guilty in Manhattan federal court to insider trading charges.

Former Billionaire Eike Batista Convicted for Insider Trading (Bloomberg)
Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading. Batista, 62, had already been convicted for paying $16.6 million to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he is serving under house arrest.

Salesforce.com Inc (CRM) Chairman of the Board & co-CEO Marc Benioff Sold $741,850 of Shares (Guru Focus)
Chairman of the Board & co-CEO of Salesforce.com Inc., Marc Benioff, sold 5,000 shares of CRM on 09/30/2019 at an average price of $148.37 a share. The total sale was $741,850. Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions. Salesforce.com Inc has a market cap of $130.18 billion; its shares were traded at around $148.44 with a P/E ratio of 124.72 and P/S ratio of 7.97.

A Director at Ulta Beauty Inc (NASDAQ: ULTA) is Buying Shares (Analyst Ratings)
Yesterday, a Director at Ulta Beauty Inc. (ULTA), Charles Heilbronn, bought shares of ULTA for $58.89M. Following this transaction Charles Heilbronn’s holding in the company was increased by 15% to a total of $523 million. This is Heilbronn’s first Buy trade following 3 Sell transactions.