Top insider buys and sells disclosed on Thursday

Here’s a roundup of the most significant insider trading activity disclosed on Thursday for U.S. stocks.

Top buys

Pale Fire Capital SE, a 10% owner and director of Coursera, Inc. (NASDAQ:COUR), recently acquired common stock in a series of transactions totaling approximately $31.45 million. The investment firm purchased a total of 8,355,251 shares of Coursera common stock between November 3 and November 5, 2026. The shares were acquired at prices ranging from $3.6700 to $3.8795 per share across the various transactions. The purchases come as Coursera’s stock trades at $3.75, down 53% over the past year and 58% below its 52-week high of $8.89. According to InvestingPro analysis, the stock appears undervalued at current levels, with a Fair Value estimate suggesting significant upside potential. The company is featured on InvestingPro’s Most Undervalued list.

Ron Gusek, CEO and President of Liberty Energy Inc. (NASDAQ:LBRT), acquired 25,000 shares of the company’s Class A Common Stock on November 3, 2026. The total value of the transaction amounted to $377,335. The shares were purchased at prices ranging from $15.015 to $15.14 per share, with a weighted average price of $15.0934. Following this transaction, Mr. Gusek directly holds 1,068,702 shares of Class A Common Stock. Additionally, 400,000 shares are held indirectly by his spouse. Mr. Gusek also serves as a Director on the company’s board. The timing of this purchase is notable, as the stock has since declined to $11.35 and is trading near its 52-week low of $11.24, following a sharp 33% drop over the past week. According to InvestingPro analysis, Liberty Energy appears undervalued at current levels, with the platform offering additional insights through 17 ProTips for investors evaluating the $1.85 billion company.

Jonathan B. Fairbanks, a director and 10% owner of Flowco Holdings Inc. (NASDAQ:FLOC), purchased 15,140 shares of the company’s Class A Common Stock on November 4, 2026. The transaction totaled $292,924, with shares acquired at a price of $19.3477 each. Following this acquisition, Mr. Fairbanks directly owns 30,765 shares of Class A Common Stock. He also indirectly holds additional shares through various entities. These include 366,103 shares held by GEC Partners III GI LP and 323,965 shares held by GEC Partners III-B GI LP. An additional 500 shares are indirectly held by a child. The stock currently trades at $19.05, and according to InvestingPro analysis, appears undervalued relative to its Fair Value—placing it among stocks on the Most Undervalued list.

Timothy Steven Johnson, Chief Executive Officer and a Director of Blackstone Mortgage Trust, Inc. (NASDAQ:BXMT), recently purchased 90,000 shares of the company’s Class A Common Stock. The transaction, reported on November 4, 2026, totaled $1,035,351. The shares were acquired at a weighted average price of $11.5039 per share. According to the filing, these purchases occurred in multiple transactions with prices ranging from $11.445 to $11.585. The purchase comes as the stock has declined 36.6% over the past six months, though the company maintains an attractive 10.3% dividend yield.

Michael Novogratz, Chief Executive Officer and a 10% owner of Galaxy Digital Inc. (NASDAQ:GLXY), recently acquired 760,000 shares of the company’s Class A Common Stock. The transactions, which took place on November 5, 2026, totaled $9,864,345, with share prices ranging from $12.694 to $13.632. These shares were purchased indirectly through Galaxy Group Funding ECI U LLC, an entity wholly-owned by Galaxy Group Investments LLC, which is controlled by Mr. Novogratz. The timing of this purchase is notable given recent market volatility. According to InvestingPro data, GLXY currently trades at $3.34, substantially below Novogratz’s purchase price range, with the stock down 39% over the past week. Despite near-term headwinds, InvestingPro Tips indicate analysts predict the company will be profitable this year, with net income expected to grow. Investors seeking deeper insights can access 15 additional ProTips and comprehensive analysis through the platform’s Pro Research Report.

Top sells

Toby R. Neugebauer, a director and 10% owner of Fermi Inc. (NASDAQ:FRMI), sold common stock totaling approximately $13.02 million through a series of transactions in early November 2026. The sales involved a total of 7,657,800 shares, with prices ranging from $1.5206 to $2.0391 per share. On November 3, 2026, a total of 2,563,800 shares were sold at a weighted average price of $2.0391 per share. These sales, reflecting prices between $2.00 and $2.085, were executed on behalf of the Melissa A. Neugebauer 2020 Trust and Vicksburg Investments Management LLC. Mr. Neugebauer serves as the investment trustee of the Trust and the managing member of Vicksburg Investments Management LLC. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest. The stock has since declined to $1.53, down 16% from the previous close of $1.82, and now trades near its 52-week low of $1.44. According to InvestingPro analysis, the stock appears undervalued at current levels based on Fair Value estimates, though the company carries a "WEAK" financial health rating.

Mark Samuel Hoplamazian, Chairman, President, and Chief Executive Officer of Hyatt Hotels Corp (NASDAQ:H), sold a total of 85,000 shares of the company’s Class A Common Stock across multiple transactions on November 3 and 4, 2026. The sales amounted to a total value of $15,999,452, with prices ranging between $185.82 and $190.5 per share. On November 3, 2026, Mr. Hoplamazian disposed of 22,132 shares at a weighted average price of $185.82. These shares were sold in multiple transactions at prices ranging from $185.36 to $186.35. An additional 744 shares were sold on the same day at a weighted average price of $186.4, with individual transaction prices ranging from $186.36 to $186.42. The insider sale comes as Hyatt stock has delivered a strong 26% return over the past year, though shares recently pulled back from their 52-week high of $206.86. According to InvestingPro analysis, the stock currently trades near its Fair Value, with the company maintaining a market capitalization of $17.76 billion. InvestingPro subscribers have access to 16 additional exclusive tips about Hyatt’s financial health and valuation metrics.

KDT Ibotta Holdings, LLC, a 10% owner of Ibotta, Inc. (NASDAQ:IBTA), sold Class A Common Stock totaling approximately $41.8 million across multiple transactions in early November 2026. The sales occurred between November 3 and November 4, 2026, with share prices ranging from $59.00 to $60.00. The transactions involved the disposition of 400,000 shares on November 3 at $59.97 per share, followed by two separate sales on November 4: 200,000 shares at $59.00 per share and 100,000 shares at $60.00 per share. Following these transactions, KDT Ibotta Holdings, LLC beneficially owns 3,689,129 shares of Ibotta Class A Common Stock. The sales come as Ibotta shares have surged 99% over the past year and 155% year-to-date, trading near their 52-week high of $66.39. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, which may explain the timing of these dispositions. The company currently holds a market cap of $1.48 billion and maintains more cash than debt on its balance sheet. Investors can access comprehensive analysis through InvestingPro’s detailed Pro Research Report, one of 1,400+ available for US equities.

Benoit Dageville, a director at Snowflake Inc. (NYSE:SNOW), sold 50,000 shares of common stock for a total of $14,617,500 on November 4, 2026. The shares were sold at a price of $292.35 per share. Dageville also gifted 16,668 shares of common stock on the same date. The transactions were executed under a pre-arranged 10b5-1 trading plan, which Dageville adopted on April 3, 2026. Following these transactions, Dageville’s indirect beneficial ownership through The Snow Trust UTA dated 9/10/19 stands at 2,234,875 shares of common stock. The timing of the sale proved fortuitous, as the stock has since declined to $269.54, dropping over 18% in the past week. According to InvestingPro analysis, Snowflake currently appears overvalued relative to its Fair Value—placing it among companies on the Most Overvalued list, despite strong revenue growth of 32% over the last twelve months.

Sylebra Capital LLC, a 10% owner and director of Impinj Inc. (NASDAQ:PI), sold common stock totaling approximately $16.67 million in early November. The transactions involved the sale of 90,191 shares across two separate dates, with prices ranging from $184.2265 to $185.2302 per share. On November 3, 2026, Sylebra Capital LLC disposed of 49,691 shares of Impinj common stock at an average price of $185.2302 per share. The following day, November 4, 2026, an additional 40,500 shares were sold at an average price of $184.2265 per share. The stock has since declined to $161.06, down from those transaction prices. According to InvestingPro analysis, the company appears overvalued at current levels, with shares trading at high valuation multiples across revenue, EBITDA, and book value metrics.

Monitoring insider trading activity can provide valuable insights for investors, as company executives and major shareholders often have deep knowledge of their businesses’ prospects and challenges. While insider purchases may signal confidence in a company’s future, and sales might indicate concerns or simply portfolio rebalancing needs, it’s important to consider these transactions as just one factor among many when making investment decisions. Tracking patterns of insider activity over time, rather than isolated transactions, typically offers the most meaningful perspective for individual investors.