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
Elanco Animal Health Inc (ELAN)
Sector: Healthcare; Industry: Drug Manufacturers—Specialty & Generic

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for companion and food animals. The company sells its products to third-party distributors; veterinarians; and food animal producers, including beef and dairy farmers, as well as pork, poultry, and aquaculture operations in approximately 90 countries in North America, Europe, the Middle East, Africa, Latin America, and the Asia-Pacific. Elanco Animal Health Incorporated was founded in 1954 and is headquartered in Greenfield, Indiana.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-12-03 BAYER AKTIENGESELLSCHAFT 10%-Owner Sell 54,500,000 $29.84 $1,626,367,200 No
2020-08-28 HOOVER R DAVID Director Buy 10,000 $28.43 $284,300 No
2020-08-21 HOOVER R DAVID Director Buy 10,000 $26.94 $269,400 No
2020-08-19 BILBREY JOHN P Director Buy 9,580 $26.20 $250,996 No
2020-08-06 GARCIA ART A Director Buy 2,000 $24.76 $49,520 No
2020-08-03 YOUNG TODD S. nan Buy 7,000 $23.91 $167,400 Yes
2020-03-13 HOOVER R DAVID Director Buy 12,000 $21.97 $263,640 No
2020-03-09 Harrington Michael J Director Buy 4,000 $23.84 $95,360 No
2020-03-06 BILBREY JOHN P Director Buy 3,000 $25.15 $75,450 No
2020-03-04 Anand Kapila K Director Buy 1,000 $26.86 $26,860 No
2020-03-02 HOOVER R DAVID Director Buy 8,000 $27.19 $217,519 No
2019-11-22 BILBREY JOHN P Director Buy 3,766 $26.58 $100,100 No
2019-11-18 Urbanek David Alan See Remarks Buy 228 $26.26 $5,986 No
2019-09-11 Kochevar Deborah Turner Director Buy 1,000 $27.95 $27,950 No
2019-09-04 YOUNG TODD S. See Remarks Buy 10,000 $26.57 $265,700 No
2019-09-04 Simmons Jeffrey N President, CEO & Director Buy 75,750 $26.55 $2,011,162 No
2019-08-22 HOOVER R DAVID Director Buy 15,000 $26.96 $404,400 No
2019-08-22 Hicks Michael-Bryant See Remarks Buy 11,030 $26.65 $293,905 No
2019-04-22 Harrington Michael J Director Buy 3,500 $26.75 $93,608 No
2019-05-13 BILBREY JOHN P Director Buy 7,750 $32.39 $251,022 No
2019-03-13 HOOVER R DAVID Director Buy 20,000 $31.43 $628,586 No
2018-09-24 LIN SARENA S See Remarks Buy 20,000 $24.00 $480,000 No
2018-09-24 Meer James M Chief Accounting Officer Buy 225 $24.00 $5,400 No
2018-09-24 Kinard David S See Remarks Buy 2,500 $24.00 $60,000 No
2018-09-24 Simmons Jeffrey N President, CEO and Director Buy 22,000 $24.00 $528,000 No
2018-09-24 Urbanek David Alan See Remarks Buy 500 $24.00 $12,000 No
2018-09-24 HOOVER R DAVID Director Buy 10,000 $24.00 $240,000 No
2018-09-24 Anand Kapila K Director Buy 1,200 $24.00 $28,800 No
2018-09-24 Kurzius Lawrence Erik Director Buy 10,000 $24.00 $240,000 No
2018-09-24 Hicks Michael-Bryant See Remarks Buy 5,000 $24.00 $120,000 No

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.

Insider Smart

Upwork Inc (UPWK) - GRETSCH GREGORY C. Director of Upwork, made a bulk buy of 500K shares right before the big gap up, which is also the largest buy of the past 12 months.