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
Kodiak Sciences Inc. (KOD)
Sector: Healthcare; Industry: Biotechnology

Kodiak Sciences Inc., a clinical stage biopharmaceutical company, provides novel therapeutics to treat retinal diseases. Its preclinical stage product candidate include KSI-501, a bispecific anti-interleukin 6/VEGF bioconjugate to target inflammation and abnormal angiogenesis in the pathogenesis of retinal vascular diseases. The company's early research pipeline include KSI-601, a triplet inhibitor for dry AMD. The company was formerly known as Oligasis, LLC and changed its name to Kodiak Sciences Inc. in September 2015.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-06-06 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 572,349 $7.77 $4,448,168 No
2022-05-27 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 350,406 $6.75 $2,363,748 No
2022-05-18 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 456,690 $5.91 $2,696,829 No
2022-02-25 PERLROTH VICTOR Chairman and CEO Sell 1,340,000 $9.15 $12,257,688 No
2022-02-17 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 400,965 $54.45 $21,832,153 No
2022-01-31 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 347,665 $52.02 $18,084,687 No
2022-01-25 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 501,111 $57.49 $28,806,796 No
2021-12-20 EHRLICH JASON nan Sell 6,950 $87.60 $608,831 Yes
2021-11-10 BORGESON JOHN A. nan Sell 876 $115.42 $101,111 No
2021-10-20 EHRLICH JASON nan Sell 6,950 $111.77 $776,824 Yes
2021-09-30 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 86,932 $95.83 $8,330,572 Yes
2021-09-20 EHRLICH JASON nan Sell 6,950 $99.88 $694,164 Yes
2021-09-16 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 31,838 $94.39 $3,005,281 No
2021-09-07 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 57,501 $93.31 $5,365,227 No
2021-08-20 EHRLICH JASON nan Sell 6,950 $91.44 $635,534 Yes
2021-08-13 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 102,773 $87.19 $8,960,623 No
2021-06-21 EHRLICH JASON nan Sell 6,950 $84.90 $590,085 No
2021-06-15 EHRLICH JASON nan Sell 1,454 $80.90 $117,624 Yes
2021-06-15 BORGESON JOHN A. nan Sell 1,290 $80.90 $104,361 Yes
2021-06-15 EHRLICH JASON nan Sell 1,147 $84.75 $97,208 Yes
2021-06-15 BORGESON JOHN A. nan Sell 1,037 $84.75 $87,886 Yes
2021-05-20 EHRLICH JASON nan Sell 6,950 $81.14 $563,924 No
2021-04-20 EHRLICH JASON nan Sell 6,950 $111.26 $773,249 Yes
2021-03-22 EHRLICH JASON nan Sell 6,950 $131.50 $913,894 Yes
2021-03-10 BORGESON JOHN A. nan Sell 5,000 $130.08 $650,415 No
2021-02-22 EHRLICH JASON nan Sell 6,950 $125.81 $874,367 Yes
2021-01-20 EHRLICH JASON nan Sell 26,950 $162.77 $4,386,776 Yes
2020-12-23 EHRLICH JASON nan Sell 6,950 $144.55 $1,004,610 Yes
2020-11-20 EHRLICH JASON nan Sell 6,950 $138.79 $964,601 Yes
2020-11-20 BAKER BROS. ADVISORS LP 10%-Owner, Director Buy 1,527,777 $108.00 $164,999,916 No

Insider Smart

SIMON PROPERTY GROUP (SPG) - Bottom fishing the crash could be intimidating, but it can be easier if you know insiders are on your side. Aeppel Glyn, Director of SPG played safe and bought shares in May at $50, but it is not late at all, the stock is now $90.

Insider Smart

Mohawk Group Holdings, Inc. (MWK) - Multiple insiders bought MWK in June around $5, stock moved sideways for a month then made a 60% jump in 10 days. Patience is the key.