👀 $243M CEO Sell

Plus, #ASAN Director Dustin Moskovitz steps in and makes multiple purchases...

Good morning and happy Sunday! Here is a quick market rundown and an ‘inside’ peek behind the curtains of what C-Level Execs, Wall St. Hedge Fund Gurus, and politicians are trading right now…!

Market Overview — Week Ending August 8, 2025

Index Performance

  • The S&P 500 rose 2.4%, marking its best week since late June.

  • The Nasdaq Composite surged 3.9%, closing at record highs.

  • The Dow Jones Industrial Average climbed 1.3%.
    All three major indices closed the week on strong footing.

Key Market Drivers

  • Mega-cap tech companies, led by Apple and Nvidia, fueled the rally. Apple alone jumped significantly—some reports cite around a 10% weekly gain following optimism over manufacturing investments and tariff exemptions.

  • Corporate earnings were generally strong, with robust reports lifting investor sentiment across the board.

Broader Market Themes

  • Growth stocks outpaced value, with large-cap growth gaining around 3.2% versus roughly 1.4% for value peers.

  • Commodities & bonds: Oil prices dropped about 5%, reaching the lowest levels in over two months. Gold rose nearly 2.8%, while 10-year Treasury yields ticked higher, finishing near 4.28%.

What to Watch This Week

  • Investors are closely watching inflation readings (like CPI) and retail sales for signs of economic momentum or deceleration. These will be critical in determining the next moves by the Federal Reserve.

  • Nvidia's earnings, expected August 27, will be in the spotlight as the tail end of Q2 earnings season unfolds.

Here’s what moved behind the curtain this week.

P.S. This newsletter was drafted Friday. Want these trade alerts as they happen? Join Elite Insider here.

💻 Moskovitz Multiplier!

Top Insider Buys

  • Dustin Moskovitz (Director at Asana, ticker: ASAN):
    Made multiple purchases between August 1 and August 7, totaling approximately 225,000 shares each time—value around $14–$15 million per transaction.

  • Reshma Kewalramani (CEO & President at Vertex Pharmaceuticals, ticker: VRTX):
    Acquired 10,000 shares on August 6, spending about $3.9 million 

  • Other notable buys (~$1–$2 million range):

    • Kevin Tang (Director at Auphonic?) ~$2.3M

    • John Osborne Lilly III (Director at FIG) ~$2.06M

    • David B. Ingram (Director at PNFP) ~$1.98M

🚀 Ullal’s $243M ANET Sale

Top Insider Sales

  • Jayshree Ullal (CEO & Chairperson at Arista Networks, ticker: ANET):
    Sold approximately 1.78 million shares on August 6, worth about $243 million .

  • Advent International, L.P. along with directors Lauren Young and Eric Wei at CCCS:
    Each sold 30 million shares on August 7, totaling around $296 million each .

  • Ronda E. Stryker (Director at Stryker, ticker: SYK):
    Sold 200,000 shares on August 6, valued at nearly $75 million .

  • George R. Roberts (Co-Executive Chairman at KKR):
    Sold 809,906 shares on August 7, worth approximately $116–117 million 

  • Other notable sales (~$40–50M):

    • Mamoon Amjad Hamid and Daniel H. Rimer, each sold millions of shares at FIG, totaling over $80M and $100M, respectively .

  • Meta (META) executives:
    Christopher Cox, Chief Product Officer, and Mark Zuckerberg, CEO & Chair, made multiple proposed and actual sales, in the $12–46 million range

  • Sundar Pichai (CEO at Alphabet/Google, tickers GOOGL/GOOG):
    Sold around 32,500 shares on August 6, worth approximately $6.38 million

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🧱 Final Take!

Quick Insights

  • Heavy insider selling: Executives at major firms—Arista, CCCS, Stryker, KKR—made blockbuster sales ranging from $75M to nearly $300M.

  • Executive selling at Meta and Alphabet: Indicative of portfolio diversification or liquidity needs, though not necessarily signaling firm-specific concerns.

  • Concentrated insider buying: Asana’s Moskovitz and Vertex’s Kewalramani investing heavily in their own companies may reflect confidence in internal prospects