Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
BLACKLINE, INC. (BL)
Sector: Technology; Industry: Software—Infrastructure

BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. The company's financial close management solutions comprise Task Management that enables users to create and manage processes and task lists; Journal Entry, which allows users to generate, review, and post manual journal entries; and Variance Analysis that monitors and automatically identifies anomalous fluctuations in balance sheet and income statement account balances. Its Intercompany Hub solutions consists of Intercompany Workflow, which replaces informal, ad-hoc intercompany requests, and approvals; Intercompany Processing that records an organization's intercompany transactions and posts them from a single source; and Netting and Settlement, which automatically generate a real-time, aggregated settlement matrix that shows the balance of transactions. The company was founded in 2001 and is headquartered in Woodland Hills, California.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-09-10 Partin Mark Chief Financial Officer Sell 5,000 $120.55 $602,745 Yes
2021-09-07 SMITH GRAHAM Director Sell 2,000 $120.00 $240,000 Yes
2021-08-31 Tucker Therese Executive Chair Sell 10,000 $109.20 $1,092,016 No
2021-08-23 Woodhams Mark Chief Revenue Officer Sell 23,333 $107.93 $2,518,410 Yes
2021-08-23 HIRSCH PETER Chief Technology Officer Sell 1,762 $106.46 $187,583 No
2021-08-03 Unterman Thomas Director Sell 478 $114.10 $54,540 Yes
2021-07-20 Tucker Therese Executive Chair Sell 10,000 $112.85 $1,128,516 No
2021-07-06 Tucker Therese Executive Chair Sell 10,000 $114.05 $1,140,475 No
2021-07-02 Unterman Thomas Director Sell 477 $113.05 $53,925 Yes
2021-06-29 Tucker Therese Executive Chair Sell 10,000 $112.66 $1,126,598 No
2021-06-22 Tucker Therese Executive Chair Sell 10,000 $108.98 $1,089,753 No
2021-06-21 SMITH GRAHAM Director Sell 1,500 $110.00 $165,000 Yes
2021-06-15 Tucker Therese Executive Chair Sell 10,000 $105.71 $1,057,081 No
2021-06-10 Partin Mark Chief Financial Officer Sell 5,000 $103.79 $518,931 Yes
2021-06-08 Tucker Therese Executive Chair Sell 10,000 $103.37 $1,033,744 No
2021-06-01 Tucker Therese Executive Chair Sell 10,000 $102.25 $1,022,508 No
2021-05-25 Tucker Therese Executive Chair Sell 10,000 $104.93 $1,049,277 No
2021-05-21 Huffman Marc Chief Executive Officer Sell 3,541 $105.96 $375,204 No
2021-05-21 HIRSCH PETER Chief Technology Officer Sell 4,339 $105.96 $459,760 No
2021-05-18 Tucker Therese Executive Chair Sell 10,000 $103.97 $1,039,735 No
2021-05-17 Woodhams Mark Chief Revenue Officer Sell 6,000 $101.77 $610,628 No
2021-05-13 SMITH GRAHAM Director Sell 2,500 $102.75 $256,875 Yes
2021-05-10 Yamamoto Mika Director Sell 1,540 $105.87 $163,040 No
2021-04-20 Tucker Therese Executive Chair Sell 10,000 $113.91 $1,139,137 No
2021-04-06 Tucker Therese Executive Chair Sell 10,000 $112.42 $1,124,229 No
2021-03-30 Tucker Therese Executive Chair Sell 10,000 $101.39 $1,013,879 No
2021-03-23 Tucker Therese Executive Chair Sell 10,000 $112.37 $1,123,699 No
2021-03-16 Tucker Therese Executive Chair Sell 50,000 $112.46 $5,623,151 No
2021-03-12 Huffman Marc Chief Executive Officer Sell 22,291 $111.98 $2,496,075 No
2021-03-12 HIRSCH PETER Chief Technology Officer Sell 1,401 $111.89 $156,758 No

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

Insider Smart

Planet Fitness, Inc (PLNT) - Our position in PLNT is also inspired by insider trading, if insiders are comfortable and confident buying around $50, it is an easy hold if you can pick it up at an even lower price. Our avg cost of the position is ~$40 and is now with 50% profit.