Insider Selling that Might Support Your Larger Investment Thesis on these Stocks

Let’s move on to Perry Ellis International Inc. (NASDAQ:PERY), which had two different insiders sell shares last week. Oscar Feldenkreis, who has been the President and Chief Operating Officer of the company since 1993, reported selling 55,036 shares through multiple transactions at prices in the range of $24.01 – $24.22 per share. After the previous week’s transactions, the executive holds a stake of 963,552 shares. Perry Ellis International’s founder, George Feldenkreis, has recently announced that he is stepping down as chief executive early next year, while his son, Oscar Feldenkreis, will serve as his successor. Going back to the insider trading activity, Stanley Silverstein, who joined the company as President of International Development and Global Licensing back in 2013, offloaded 15,875 shares for $24.03 each and reduced his position to 79,674 shares. Perry Ellis International’s stock performance has been rather disappointing this year, droppi9% since the beginning of the year. Jim Simons’ Renaissance Technologies represents the largest shareholder of Perry Ellis International Inc. (NASDAQ:PERY) within our database, owning 245,818 shares.

Last but not least, two directors of Healthequity Inc (NASDAQ:HQY) sold the company’s shares this week. Specifically, Michael O. Leavitt and Ian Sacks reported selling 135,000 and 150,000 shares, respectively. As a result, Michael Leavitt currently owns 66,000 shares, while the other director holds a stake of 273,417 shares. The shares of Healthequity have delivered a great performance this year, despite being impacted by the recent broader market decline, returning over 21% year-to-date. The company’s financial performance is not disappointing either, which has surely supported the company’s stock performance. Healthequity reported revenue of $30.5 million in the second quarter of fiscal 2016, up 46% year-over-year. Similarly, the company’s net income came to $4.4 million, which yields an increase of 46% from the same quarter a year ago. Richard Driehaus’ Driehaus Capital added a 122,490 share-position in Healthequity Inc (NASDAQ:HQY) during the latest quarter.

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