Well-Known Vehicle Rental Operator and GPU Specialist See Insiders Offloading Shares, Plus Other Noteworthy Insider Transactions

Board Member of Strong Performing GPU Specialist Discards Shares

One member of NVIDIA Corporation (NASDAQ:NVDA)’s Board of Directors unloaded a sizable amount of shares last week. Board member A. Brooke Seawell disclosed on Monday the sale of 30,000 shares, which were held by a revocable trust that currently owns 130,000 shares. The shares were sold at prices that fell in the range of $62.41 and $62.62 per share. Mr. Seawell also holds a direct ownership stake of 6,213 shares.

The graphics processing unit (GPU) specialist has seen its market capitalization skyrocket by 93% since the beginning of the year. Just recently, analysts at MKM Partners, who assigned NVIDIA Corporation (NASDAQ:NVDA) a ‘Buy’ rating and a price target of $74, believe that the self-named world leader in visual computing and fellow chipmaker Advanced Micro Devices Inc. (NASDAQ:AMD) are GPU “winners.” “Both companies are benefiting from recent GPU launches, with signs of abundant customer supply and attractive price-for-performance given continued premium pricing,” said MKM analysts in a fresh note. John Armitage’s Egerton Capital Limited owns 4.75 million shares of NVIDIA Corporation (NASDAQ:NVDA) as of the end of the second quarter.

CFO of Tyler Technologies Offloads Shares

The insider selling activity at Tyler Technologies Inc. (NYSE:TYL) has been very intense in the past several weeks, but most insiders sold freshly-exercised stock options. So let’s ignore the routine kind of insider selling and analyze spur-of-the-moment insider selling unrelated to stock options. Brian K. Miller, Chief Financial Officer, Executive Vice President and Treasurer, liquidated 6,485 shares on Thursday at a price of $173.01 per share. After the recent sale, Mr. Miller currently owns 52,775 shares.

Although the shares of the provider of integrated information management solutions and services for the public sector are down 2% year-to-date, the company’s stock has gained an impressive 36% in the past six months. Tyler Technologies Inc. (NYSE:TYL)’s total revenues for the six months that ended June 30 were $331.42 million, up 31% year-on-year. Organic revenue increased by 12% during the six-month period that ended June 30. The hedge fund sentiment towards Tyler increased during the second quarter, as the number of funds from our system with stakes in the company rose to 21 from 15 quarter-over-quarter. Ken Griffin’s Citadel Advisors LLC has around 307,000 shares of Tyler Technologies Inc. (NYSE:TYL) among its holdings as of the end of the April-to-June period.

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