Insider trading transactions can offer valuable insights into a company’s performance. Thus, Tipranks provides investors with a Top Corporate Insiders tool that identifies and tracks relevant insider transactions. In addition, TipRanks ranks the insiders according to their historical performance. Today, let’s take a look at the three top-performing corporate insiders of 2023.
#1 Mark Cuban
Topping the list is one of Reading International’s (NASDAQ:RDI) more-than-10% owners, Mark Cuban. Cuban had a success rate of 93.8% in 2023. His best transaction was to Sell RDI stock, generating a solid return of 32% between August 1, 2023, and November 1, 2023.
More than 10% owner of CSP (NASDAQ:CSPI), Joseph Nerges, bags the second spot on the list. Nerges’s success rate was 85% last year. His best transaction was to Buy the stock between August 23, 2023, and November 23, 2023, which generated an impressive return of 79.5%.
Beth Seidenberg, one of Vera Therapeutics’ (NASDAQ:VERA) Directors, is placed in the third spot. The insider had an 84.6% overall success rate in 2023. Seidenberg’s Buy call on VERA stock generated a stellar 146% return from March 28, 2023, to June 28, 2023.
Ending Thoughts
Investors can gauge a company’s trajectory from the buying/selling patterns of its insiders. Thus, following their activities could be an effective strategy to boost the portfolio’s performance. In addition to this, investors can leverage the TipRanks Expert Center to gain insights and recommendations from industry experts.
