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
Edesa Biotech, Inc. (EDSA)
Sector: Healthcare; Industry: Biotechnology

Edesa Biotech, Inc., a clinical-stage biopharmaceutical company, engages in the development and advancement of treatments for dermatological and gastrointestinal indications. Edesa Biotech, Inc. has a collaborative research project with the National Research Council of Canada to develop novel immunotherapies for vitiligo, as well as other indications; and Light Chain Bioscience for the development and commercialization of two Phase 2-ready biologic drug candidates for various therapeutic, prophylactic, and diagnostic applications. The company was founded in 2015 and is headquartered in Markham, Canada.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-03-29 Nijhawan Pardeep Chief Executive Officer Buy 2,000 $5.23 $10,460 No
2021-03-25 Nijhawan Pardeep Chief Executive Officer Buy 3,000 $5.25 $15,750 No
2021-03-25 Brooks Michael J President Buy 3,500 $5.19 $18,165 No
2021-03-24 Brooks Michael J President Buy 4,500 $5.08 $22,860 No
2021-03-24 Nijhawan Pardeep Chief Executive Officer Buy 5,000 $5.16 $25,800 No
2021-02-18 OAKES FRANK R. Director Sell 7,992 $7.25 $57,942 No
2020-05-27 Brooks Michael J President Buy 2,500 $3.00 $7,498 No
2020-05-26 Nijhawan Pardeep Chief Executive Officer Buy 3,000 $2.98 $8,939 No
2020-03-17 Nijhawan Pardeep Chief Executive Officer Buy 5,000 $1.87 $9,373 No
2020-01-08 van der Velden Peter 10%-Owner, Director Buy 140,625 $3.20 $450,000 Yes
2020-01-08 Sistilli Carlo Director Buy 2,436 $4.11 $10,012 Yes
2020-01-08 JOHNSON LORIN K Director Buy 8,524 $4.11 $35,034 Yes
2020-01-08 Brooks Michael J President Buy 1,827 $4.11 $7,509 Yes
2019-09-11 OAKES FRANK R. Director Sell 1,809 $5.72 $10,345 No
2019-03-06 OAKES FRANK R. President & CEO Sell 4,000 $1.25 $5,000 No
2018-10-12 MORSE DANIEL E. Former Director Sell 7,047 $1.31 $9,260 No
2018-10-12 OAKES FRANK R. President & CEO Sell 3,000 $1.31 $3,930 No
2018-03-29 MORSE DANIEL E. Director Sell 4,366 $0.81 $3,515 No
2018-03-12 MORSE DANIEL E. Director Sell 32,300 $0.79 $25,600 Yes

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.

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.