Luminar LAZR is a stock with a great track record for the year, having generated 50% returns year-to-date. However, bears are still waiting for their day in the markets, with a roughly 15% of the float currently sold short. Analysts rate the company as a "Buy", with an average score 3.63/5.00. In ZION's case, the same insiders executing the buying spree have been active sellers for the better part of four years, making the signal of confidence that much more important in our view. Wall Street analysts seem to have faith in the bank and trust that it will navigate toward better days. It is worth noting here that the President increased his position by 35%, one VP increased his stake by more than 500%, and the other by 96%. This continues the well-established trend of insider buying in the regional banking sector that emerged last quarter and has so far proved rather profitable for the insiders. Five different insiders, including the President, two Vice Presidents, the Chairman and CEO, and a Director bought a little over $2.7 million combined. ZION had some of the most focused and diversified insider buying activity we saw in this most recent quarter. The bank operator is currently being valued by the market at a relatively compelling P/E of 8.81x as it trades slightly above its tangible book value at a P/TBV of 1.41x. Its business operations are predominantly focused on the Western Coast of the United States, where the holding corporation operates a $90 billion balance sheet as one of the more influential regional banks. Zions Bancorporation ZION is a Salt Lake City, Utah based bank holding company providing banking and other bank-related services through several of its bank operating subsidiaries, most notably including the likes of Zion Bank, Nevada State Bank, The Commerce Bank, and others. For the purposes of this article, we have defined mid-cap companies as publicly listed firms with a market cap between $2 and $10 billion.īelow is our list of research-worthy mid-caps that, in our view, enjoyed a period of unusual and atypical interest from corporate insiders during the first quarter of the year and are worthy of a further dive: The series continues with this second-quarter piece covering mid-cap companies but will be followed up shortly with articles covering both small-cap and large-cap insider activity. The company was founded by Austin Russell and Jason Eichenholz in 2012 and is headquartered in Orlando, FL.We looked through thousands of S-4 filings in an attempt to identify firms whose corporate insiders were engaging in periods of unusually intense insider buying activity. The Advanced Technologies and Services segment provides semiconductors and related components, as well as design, test, and consulting services to the Autonomy Solutions segment and to various third-party customers, including government agencies and defense contractors, in markets generally unrelated to autonomous vehicles. The Autonomy Solutions segment includes the designing, manufacturing, and marketing of lidar sensors catering mainly to the OEMs in the automobile, commercial vehicle, robo-taxi and adjacent industries. It operates through the Autonomy Solutions and Advanced Technologies and Services segments. is an autonomous vehicle sensor and Lidar technology company, which engages in the design, building, and marketing of long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving.
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