Director Auvil Buys 20,000 Shares of ESTC

September 4, 2024

The most significant insider buy on today's list comes via a Form 4 filing by Paul Auvil, director of Elastic N.V. $ESTC.

Auvil reported the acquisition of 20,000 ESTC shares, equivalent to $1.4 million.

Darwin Global Management Ltd filed a 13G for Insmed Incorporated $INSM revealing an initial stake of 5.70%.

Here’s The Hot Corner, with data from September 3, 2024:

The CEOs of Penn National Gaming $PENN and Golub Capital BDC Inc $GBDC both filed Form 4s disclosing purchases of their own stock.

Last but not least, Rep. John James of Michigan revealed a purchase worth between $15,000 and $50,000 in Microsoft Corporation $MSFT.

INSM has been carving out a massive base for over two decades.

Price has already taken out the upper bounds but now has another test at the 38.2% retracement:

The bias is higher, though we're looking for confirmation if and when it breaks above 78.

Stay tuned. We'll be back on Thursday with more insider activity.

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