Noteworthy Insider Transactions at 5 Companies Amid Slowing Insider Buying as Markets Near All-Time Highs

Leading Operator of Retail Discount Stores Registers Insider Selling As It Nears All-Time High

A long-serving member of Dollar Tree Inc. (NASDAQ:DLTR)’s Board of Directors unloaded some shares this week. Thomas A. Saunders III, Director since 1993 and Lead Independent Director since May 2007, discarded 5,000 shares on Monday at a price tag of $95.50 each. After the recent sale, Mr. Saunders currently owns 2.31 million Dollar Tree shares.

The so-called dollar store stocks have been surging lately, with Dollar Tree Inc. (NASDAQ:DLTR) being no exception. Dollar Tree’s shares hit a new all-time high of $96.00 in early July, after having gained 22% since the beginning of 2016. The leading operator of more than 13,900 retail discount stores recorded net sales of $5.09 billion for the three months ended April 30, up by $2.91 billion year-over-year. The increase was attributable to $2.70 billion of net sales from the acquisition of Family Dollar Stores Inc. in July 2015, sales from the Dollar Tree segment’s new stores, and a 2.3% increase in comparable-store sales. Stephen Mandel’s Lone Pine Capital reported ownership of 11.61 million shares of Dollar Tree Inc. (NASDAQ:DLTR) in its 13F filing for the first quarter.

Strong-Performing Global Software Company Registers Insider Selling

Last but certainly not least, Progress Software Corporation (NASDAQ:PRGS) had one of its most informed executives sell shares this week. On Monday, Chief Accounting Officer Paul A. Jalbert discarded 3,281 shares for $28.91 each and 17,760 shares at $28.93 apiece, trimming his ownership to 4,365 shares.

The global software company has seen its market capitalization spike by 23% since the start of 2016. Most of those gains came after the company released its financial results for its second quarter of fiscal year 2016 ended May 31. Progress Software Corporation (NASDAQ:PRGS)’s revenue for the quarter was $96.1 million, up by 8% on an actual currency basis and by 9% on a constant currency basis. The company’s bottom line was $7.3 million, up from $5.8 million reported a year earlier. Ken Fisher’s Fisher Asset Management increased its position in Progress Software Corporation (NASDAQ:PRGS) by 10% during the April-to-June period, to 846,210 shares.

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