 ️ Who Invested Their Money Where This Week: Insider Purchases on May 8 Every Friday, I collect data on what top managers and directors of companies are doing with their money. Not recommendations — just facts. - **51Talk (COE)** — $12.2 million CEO Huang Jack Jiajia bought 446,700 shares at $27.36. Chinese EdTech — a sector many have written off, but the company's head is putting $12 million of his own money. These are not bonuses — this is a direct market purchase. - **Upstart Holdings (UPST)** — $5 million Director Girouard Dave acquired 170,240 shares at $29.37. AI lending is going through tough times, but the insider sees a bottom. - **Pampa Energy (PAM)** — $4 million VP Mariani Gustavo bought 50,000 shares at $81.21. Argentine energy — an unexpectedly large bet from a top manager. - **Pool Corp (POOL)** — $1.9 million Two directors bought shares simultaneously: Perez De La Mesa for $1.9 million and Stokely for $193k. Synchronization — a rare signal. - **Smartrent (SMRT)** — $56k CEO Martell Frank bought 50,000 shares at $1.12. A small amount, but the CEO is buying with his own money — meaning he believes in a turnaround. **My analysis:** The most interesting deal is 51Talk. When a CEO pours $12 million into a company with a market cap of ~$2 billion, that's 0.6% of the company in one day. Such actions speak louder than reports. Data: OpenInsider, purchases from 07-08.05.2026