Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
Accolade, Inc. (ACCD)


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-08-02 SINGH RAJEEV Chief Executive Officer Buy 17,500 $10.09 $176,530 Yes
2022-08-02 SINGH RAJEEV Chief Executive Officer Buy 17,500 $10.09 $176,530 Yes
2022-07-18 Barnes Stephen H. Chief Financial Officer Sell 116 $9.49 $1,101 Yes
2022-07-18 HILTON MICHAEL W Chief Innovation Officer Sell 79 $9.49 $750 Yes
2022-07-18 Cavanaugh Robert N President Sell 150 $9.49 $1,423 Yes
2022-07-18 SINGH RAJEEV Chief Executive Officer Sell 222 $9.49 $2,107 Yes
2022-06-17 Barnes Stephen H. Chief Financial Officer Sell 1,352 $5.66 $7,652 Yes
2022-06-17 Cavanaugh Robert N President Sell 1,759 $5.66 $9,955 Yes
2021-01-20 NEFF THOMAS J Director Sell 161,522 $55.67 $8,991,930 No
2020-07-07 Andreessen Horowitz Fund IV, L.P. 10%-Owner Sell 5 $22.00 $110 Yes
2020-07-07 AH Parallel Fund IV, L.P. 10%-Owner Sell 10 $22.00 $220 Yes
2020-07-07 JORDAN JEFFREY D Director Sell 15 $22.00 $330 Yes
2020-07-07 Cavanaugh Robert N President Sell 1 $22.00 $22 Yes
2020-07-07 HILTON MICHAEL W Chief Product Officer Sell 3 $22.00 $66 Yes
2020-07-07 SINGH RAJEEV Chief Executive Officer Sell 3 $22.00 $66 Yes

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.

Insider Smart

Altimmune, Inc. (ALT) - Venrock Healthcare Capital Partners III, L.P., 10%-owner of ALT bought 1.3M shares in late May then added another 1.5M shares in June with an averaged ~$8 per share. 10 days after the accumulation, ALT price jumped to $10.