Hedge Fund and Insider Trading News: Lone Pine Capital, Bridgewater Associates, Drakewood Capital Management, Pinterest Inc (PINS), Asure Software Inc (ASUR), and More

Final Judgment Handed Down Against Former Portfolio Manager (HedgeCo.net)
(HedgeCo.Net) A federal district court in New York, New York has entered a final judgment against Richard Lee, a former portfolio manager at S.A.C. Capital Advisors L.P., a former hedge fund management firm that was located in Stamford, Connecticut. The SEC previously charged Lee and another defendant with insider trading in the securities of two technology companies. The SEC filed its action in July 2013, alleging that Lee traded based on nonpublic information he received from sources with connections to insiders at two technology companies. Lee’s trading enabled the S.A.C. Capital hedge fund that he managed to generate more than $1.5 million in illegal profits. Lee also traded in his personal securities account on nonpublic information concerning one of the companies.

Enphase Energy Jumps on News of Insider Buying (Seeking Alpha)
Enphase Energy (ENPH +3.9%) pops in late trading after disclosing CEO and President Badri Kothandaraman and CFO Eric Branderiz each bought 10K shares today. The CEO purchased his shares at $17.69 each; he now owns more than 524K shares in the company. The CFO also bought shares at $17.69; he now owns 392K shares total.

Pinterest Inc (PINS) Chairman, President, CEO, Co-F Benjamin Silbermann Sold $3.9 million of Shares (Guru Focus)
Chairman, President, CEO, Co-F of Pinterest Inc., Benjamin Silbermann, sold 199,500 shares of PINS on 11/21/2019 at an average price of $19.51 a share. The total sale was $3.9 million. Pinterest Inc has a market cap of $10.65 billion; its shares were traded at around $19.07 with and P/S ratio of 9.57.

A Director at Asure (NASDAQ: ASUR) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Asure (ASUR), John Randall Waterfield, sold shares of ASUR for $977.6K. Following John Randall Waterfield’s last ASUR Sell transaction on September 01, 2016, the stock climbed by 3.3%.

Caesars Entertainment Corp (CZR) EVP Communications-Gov Rltns Richard D Broome Sold $1.5 million of Shares (Guru Focus)
EVP Communications-Gov Rltns of Caesars Entertainment Corp., Richard D Broome, sold 118,668 shares of CZR on 11/21/2019 at an average price of $13.02 a share. The total sale was $1.5 million. Caesars Entertainment Corp along is engaged in providing casino-entertainment and hospitality services. Its facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.