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
Molecular Templates, Inc. (MTEM)
Sector: Healthcare; Industry: Biotechnology

Molecular Templates, Inc., a clinical stage oncology company, focuses on the discovery and development of biologic therapeutics for the treatment of cancer and other diseases. The company primarily develops a pipeline of engineered toxin bodies. The company also develops MT-4019, engineered toxin body targeting CD38; and TAK-169 targeting CD38. It has an agreement with Takeda Pharmaceutical Company Limited to develop CD38-targeted engineered toxin bodies for the treatment of patients with diseases, such as multiple myeloma; and a strategic research collaboration with Vertex Pharmaceuticals Incorporated to discover and develop novel targeted conditioning regimens to enhance the hematopoietic stem cell transplant process.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-02-24 BIOTECH TARGET N V 10%-Owner Buy 310,004 $11.33 $3,513,866 No
2021-02-18 BIOTECH TARGET N V 10%-Owner Buy 1,185,770 $12.65 $14,999,990 No
2021-02-01 BIOTECH TARGET N V 10%-Owner Buy 80,000 $11.69 $935,344 No
2021-01-29 BIOTECH TARGET N V 10%-Owner Buy 80,000 $11.94 $955,000 No
2020-12-10 BIOTECH TARGET N V 10%-Owner Buy 445,000 $8.38 $3,727,441 No
2020-11-10 BIOTECH TARGET N V 10%-Owner Buy 160,000 $9.10 $1,456,616 No
2020-11-06 BIOTECH TARGET N V 10%-Owner Buy 545,335 $8.68 $4,734,190 No
2020-10-30 BIOTECH TARGET N V 10%-Owner Buy 160,000 $9.11 $1,458,000 No
2020-09-16 LALANDE KEVIN M. 10%-Owner, Director Sell 500,000 $13.05 $6,525,000 No
2020-09-16 SHV Management Services, LLC 10%-Owner Sell 500,000 $13.05 $6,525,000 No
2020-08-28 Longitude Capital Partners III, LLC 10%-Owner Sell 3,496 $10.75 $37,568 No
2020-05-20 LALANDE KEVIN M. 10%-Owner, Director Sell 300,000 $16.51 $4,953,000 No
2020-05-20 SHV Management Services, LLC 10%-Owner Sell 300,000 $16.51 $4,953,000 No
2019-11-25 Hirsch David 10%-Owner, Director Buy 937,500 $8.00 $7,500,000 No
2019-11-25 Longitude Capital Partners III, LLC 10%-Owner Buy 937,500 $8.00 $7,500,000 No
2019-11-25 Longitude Capital Partners III, LLC 10%-Owner Buy 937,000 $8.00 $7,496,000 No
2019-11-25 Hirsch David 10%-Owner, Director Buy 937,000 $8.00 $7,496,000 No
2019-11-21 Morenstein Scott D Director Buy 468,750 $8.00 $3,750,000 No
2018-12-26 CDK ASSOCIATES, L.L.C. Director Buy 25,000 $3.45 $86,250 No
2018-09-25 Morenstein Scott D Director Buy 545,454 $5.50 $2,999,997 No
2018-09-21 Longitude Capital Partners III, LLC 10%-Owner Buy 365,000 $5.50 $2,007,500 No
2018-09-21 Hirsch David 10%-Owner, Director Buy 365,000 $5.50 $2,007,500 No
2017-06-01 BIRD JEFFREY W Director Buy 510,703 $0.57 $289,773 No
2015-09-28 Fernandes Joel A Senior Vice President Buy 3,562 $3.96 $14,106 No
2015-02-18 JAEGER WILFRED E Director Buy 25,000 $3.75 $93,625 Yes
2014-10-13 Davar Nipun Vice President Buy 3,000 $2.98 $8,955 No
2014-10-01 YOUNGER WILLIAM H JR 10%-Owner Sell 242,396 $3.77 $914,318 Yes
2014-10-01 WHITE JAMES N 10%-Owner Sell 239,538 $3.77 $903,537 Yes
2014-10-01 SWEET DAVID E 10%-Owner Sell 229,154 $3.77 $864,369 Yes
2014-10-01 Speiser Michael L 10%-Owner Sell 227,228 $3.77 $857,104 Yes

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