The Insider Report - 01/2024
Unveiling the top insider buys and sells in the stock market
Welcome to the next issue of The Insider Report, your monthly deep-dive into the most significant insider transactions within the corporate landscapes.
And, please note that the monthly report captures the full trading week, potentially extending a few days into the new month due to the cut-off criteria.
Monthly Summary of Insider Buys & Sells in 🇩🇪 Germany
Over the last couple of weeks, the German market was dominated by insider bulls from a wide range of sectors.
Top Insider Buys 📈
M1 Kliniken (Ticker: M12)
M1 Kliniken AG is the leading fully integrated provider of aesthetic medical health services in Europe. It operates the M1 Schlossklinik for plastic and aesthetic surgery in Berlin, Germany, along with 40 other specialist centers, mostly across Europe. Additionally, it has established a subsidiary in the USA, planning to enter the world's largest market for beauty medicine.
The latest 2022 survey by ISAPS (International Society of Aesthetic Plastic Surgery) shows an 11.2% overall increase in procedures performed by plastic surgeons in 2022, with more than 14.9 million surgical and 18.8 million non-surgical procedures performed worldwide.
Additionally, Germany, M1’s main market, ranks among the top 10 countries in terms of both surgical and non-surgical procedures. More importantly, M1 Klinik covers and offers all of the most common procedures in both segments.
Both members of the executive board have demonstrated their confidence in the company's future by purchasing shares last week, with the total investment amounting to around EUR 15 million.
Given the current market capitalization of around EUR 194 million, the recent insider transaction represents approximately 8% of the company's total value. This significant share purchase underscores the insiders' confidence in the business's current standing and its future growth opportunities.
Top Insider Sells 📉
Monthly Summary of Insider Buys & Sells in 🇨🇭Switzerland
Top Insider Buys 📈
Top Insider Sells 📉
Monthly Summary of Insider Buys & Sells in 🇺🇸 United States
The US market is clearly dominated by not only quite a number of sales but also includes significant insider sell-offs in terms of USD volume, featuring some big names.
This trend indicates a vibrant trading environment where insiders, possibly taking advantage of the market's peak valuations.
Top Insider Buys 📈
Liberty SiriusXM Group (Ticker: LSXMA/LSXMB/LSXMK)
Liberty SiriusXM Group represents one of the three divisions of Liberty Media Corporation, a prominent American mass media company. Liberty Media has issued tracking stocks for each of its three divisions, with individual series (A, B, and C) for each division, offering different voting rights to its holders.
Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings, provides subscription-based satellite radio services in the United States and Canada and is the leading audio entertainment company in North America with over 30 million subscribers.
Berkshire Hathaway, a long-term shareholder, recently demonstrated its bullish stance by purchasing additional shares worth over USD 300 million. This investment spanned both voting (Series A) and non-voting (Series C) classes, underscoring the investment giant's belief in the company's growth trajectory and strategic direction.
Interestingly, as reported by Barron’s article recently, numerous observers of Berkshire Hathaway believe that the investment in the tracking stock is managed by Ted Weschler, one of the two investment managers working alongside Warren Buffett, rather than by Buffett himself.
Top Insider Sells 📉
Conclusion
Wrapping up, The Insider Report is becoming more and more an integral part of my investment process, especially for sparking new investment ideas, like the recent spotlight on M1 Klinik, a German company in the growing beauty sector.
Additionally, plans are in place to broaden the analysis scope to encompass more markets and introduce new features. These enhancements will include overlaying insider trade dates not only on price curves but also in conjunction with key insights such as news updates, earnings releases, and industry comparisons of insider activities.
Stay tuned for the upcoming issues of The Insider Report and don't miss out on the valuable insights and investment 👇
Disclaimer: This publication and its authors are not licensed investment professionals. The information provided in this publication is for educational purposes only and should not be construed as investment advice. We do not make any recommendations regarding the suitability of particular investments. Before making any investment decision, it is important to do your own research. RhinoInsight assume no liability for any investment decisions made based on the information provided in this newsletter.