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Welcome to HotCopper’s Director Trades column, where we take a look at all the most interesting director transactions from across the past week and break down the details. This week, we’ll look at Oct. 17 to Oct. 23.
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Directors legally have five business days to notify the ASX of their trades, so some transactions may be recorded after this article was written and published.
1. NRW Holdings
There’s been several transactions from among the NRW Holdings (ASX:NWH) directors group through this column’s date range, including from Julian Pemberton, Jeff Dowling, and Michael Arnett up to Monday.
The biggest of the sales packages came from Mr Pemberton, who shipped away $19.76 million in shares (a third of his stake) in the Australian contractor.
Behind that big sale, Mr Dowling sold around 164,000 shares for $805K, while Mr Arnett joined the selloff with a slightly smaller $548K bundle.
These sales are more than likely just the trio looking to bank some profits from the past year; NRW Holdings has more than doubled in value since it tanked mid-April, even hitting a record $5.12 just under a week ago.
Up to Friday morning, NRW has been enjoying the run after a run of acquisitions orchestrated by Mr Pemberton.
NRW is $4.88/sh today.
2. Trigg Minerals
Trigg Minerals (ASX:TMG) saw the second-largest director trade through this Insider Trades column’s date range, with Tim Morrison and Nicholas Katris both selling large equity packages last Friday, October 17.
Both Mr Morrison and Mr Katris sold away $1,575,00 each, summing 7,500,000 less shares in the explorer. Mr Morrison still carries around 10M.
Trigg has been an interesting watch these last few weeks, especially after it acquired 20 new claims at the Antimony Canyon in the U.S. The Oz explorer struck at the right time; weeks later, Trump and Albo signed their deal.
The company has also been looking into a Nasdaq listing.
Today, TMG is selling at 18cps with little action.
3. Cogstate
Cogstate Ltd (ASX:CGS) is the third company with a major sale this week. Here, Bradley O’Connor pocketed $824K after trading away 338.4K shares.
O’Connor still boasts a huge chunk – 5.4M direct and another 1M as options – so it looks like this was just making some money from the company’s recent hikes. The neuroscience technology company (which works on brain health) has been selling as much as +133% higher through 2025 YTD thus far.
Many have been excited by Cogstate and its ballooning earnings, which have seen the developer outperform expectations over the last 12 months. With many bullish, it looks like it has some way to run yet, too.
CGS shares have been selling at $2.44; down -6% this week.
Catching up
Just to point out a trade that popped up after our last column’s release (but in the past date range): Richard White has been doing more selling, with a 595K equity bundle in WiseTech Global (ASX:WTC), earning him $50 million.
The WiseTech founder and executive chairman has drained away all his direct holdings but still carries a whopping 116 million on his whole portfolio.
That’s this week’s Director Trades – we’ll be back with more next Friday.
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