Venture Capital
Over the last few years, insiders as a group have been huge sellers of technology stocks. The need to diversify their holdings combined with stock prices that had been bid up to levels unhinged from reality contributed to these large divestitures. The tides have turned in recent months with more insiders of technology companies stepping up to buy shares on the open market. This buying is more opportunistic than the structured buying we saw of companies like Asana (ASAN) by its founder and CEO Dustin Moskovitz through a 10b5-1 plan last year and early this year.