Hedge Fund and Insider Trading News: Michael Burry, Millennium Management, Apollo Global Management, Elliott Management, Quantology Capital Management, eXp World Holdings Inc (EXPI), Sprinklr Inc (CXM), and More

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Britney Spears Judge Agrees to Let $100B Hedge Fund Resign as Co-Conservator of Pop Star’s Estate After her Bombshell Appearance at Hearing (DailyMail.co.uk)
Bessemer Trust’s request to withdraw as co-conservator of Britney Spears’ estate has been approved by a judge. Judge Brenda Penny of the Los Angeles Superior Court ruled that the request would be ‘immediately effective’ just one day after the company filed to be removed as a co-conservator of the pop-star’s estate on an ‘expedited basis’, People reported. The $100 billion hedge fund had signed on as co-conservator of Britney’s estate in November, which has been handled by her father Jamie Spears since 2008.

Notable Insider Buys In The Past Week: Asana, Transocean, IPOS, SPACS And More (Benzinga)
Sprinklr Inc (CXM) CEO Ragy Thomas purchased more than 31,200 shares, and three 10% owners added a combined 3.09 million shares as well. At the initial public offering price of $16.00 apiece, those shares totaled nearly $50.00 million altogether. Note that the stock closed the week trading at $20.88 per share. A beneficial owner of Minneapolis-based Bright Health Group Inc (BHG) received more than 1.94 million shares of common stock in its IPO. At $18.00 per share, that added up to nearly $35.00 million, and it lifted the owner’s stake to 47.92 million shares. However, shares were last seen trading at $16.70 apiece.

An Insider at eXp World Holdings (NASDAQ: EXPI) is Selling Shares (Analyst Ratings)
Today, an Insider at eXp World Holdings (EXPI), Penny Sanford, sold shares of EXPI for $211.2K. Following Penny Sanford’s last EXPI Sell transaction on June 02, 2021, the stock climbed by 4.8%. Over the last month, Penny Sanford has reported another 6 Sell trades on EXPI for a total of $2.01M. Based on eXp World Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $584 million and quarterly net profit of $4.85 million. In comparison, last year the company earned revenue of $271 million and had a net profit of $165K. The company has a one-year high of $90.00 and a one-year low of $7.57. Currently, eXp World Holdings has an average volume of 919.89K.

Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $27 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 77,300 shares of FB on 06/30/2021 at an average price of $348.84 a share. The total sale was $27 million.

Former Bank Vice President And Friend Charged In Insider Trading Securities Fraud Scam (Imperial Valley News)
San Francisco, California – Former Silicon Valley Bank vice president Mounir Gad has agreed to plead guilty to two counts of securities fraud in connection with a scheme to profit by sharing material non-public information regarding the acquisition of companies. The announcement was made by Acting U.S. Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair. The Office of the United States Attorney filed an information earlier Wednesday charging Gad, 34, of San Jose, and Nathan Guido, 38, of San Jose, with the crimes.

Torontonian Charged in Multimillion-Dollar Insider Trading Case in U.S. (Advisor.ca)
A Toronto trader working at a Canadian asset management company has been charged in the U.S. for insider trading and running a multimillion-dollar front-running scheme. The U.S. Department of Justice claims Sean Wygovsky engaged in securities and wire fraud as part of a scheme where he allegedly stole confidential information about his employer’s trade orders to make hundreds of personal trades in the same stocks.







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