Insider Buying Volume Hitting Historic Lows Should Not Worry Investors; Noteworthy Insider Transactions at 5 Companies

Insiders Offload Shares of Medical Equipment Maker

ResMed Inc. (NYSE:RMD) has witnessed increased insider selling over the past several trading sessions, but most of that selling was related to freshly-exercised stock options. Despite that, there were some noteworthy spur-of-the-moment insider sales unconnected to stock options as well. Chief Financial Officer Brett A. Sandercock discarded 35,000 shares on Thursday at prices between $70.22 and $70.79 per share, cutting his overall holding to 51,084 shares.

The shares of the developer, manufacturer and distributor of medial equipment for treating, diagnosing and managing sleep-disordered breathing and other respiratory disorders have ballooned by 31% since the beginning of the year. ResMed Inc. (NYSE:RMD) reported revenue of $1.8 billion for its fiscal year 2016 ended June 30, up by 10% year-over-year and by 13% on a constant currency basis. The company’s bottom-line was flat year-over-year at $352.4 million. ResMed’s Board recently approved a quarterly dividend of $0.33 per share, which marked an increase of 10% from the previously-paid dividend. David Harding’s Winton Capital Management owns 98,708 shares of ResMed Inc. (NYSE:RMD) as of the end of the second quarter.

Some Insider Selling Registered at Well-Known Distributor of Energy Drinks

Monster Beverage Corporation (NASDAQ:MNST) also witnessed a notable insider sale this week. Thomas J. Kelly, Senior Vice President of Monster Energy Co., jettisoned 10,000 shares on Tuesday at prices that fell between $159.49 and $159.83 per share. After the recent sale, Mr. Kelly currently owns 5,717 shares.

The developer and distributor of energy drink beverages and concentrates for energy drink beverages has seen its market cap jump by 8% in 2016. Soon after releasing a stronger than expected second quarter earnings report, analysts at BMO Capital Markets upped their price target on Monster Beverage Corporation (NASDAQ:MNST) by $5 to $165 and reiterated their ‘Outperform’ rating on the stock, saying that the company has “one of the most attractive growth stories in the U.S. staples sector” due to strong sales growth both domestically and internationally, a “pristine” balance sheet, a strengthening relationship with The Coca-Cola Co (NYSE:KO), and a strong management team. Robert Bishop’s Impala Asset Management increased its Monster Beverage Corporation (NASDAQ:MNST) holding by 58% during the second quarter to 54,016 shares.

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