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
Okta, Inc. (OKTA)
Sector: Technology; Industry: Software—Infrastructure

Okta, Inc. provides identity management platforms for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products to manage and secure identities, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; and Single Sign-On that enables users to access their applications in the cloud or on-premise from various devices with a single entry of their user credentials. In addition, the company offers customer support and training, and professional services.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-15 KRAMER CHRISTOPHER K Chief Accounting Officer Sell 939 $237.70 $223,200 No
2020-10-14 HOROWITZ BENJAMIN A Director Sell 50,000 $244.77 $12,238,693 No
2020-10-13 HOROWITZ BENJAMIN A Director Sell 100,000 $245.58 $24,558,212 No
2020-10-12 Losch William E Chief Financial Officer Sell 30,000 $244.44 $7,333,346 Yes
2020-10-09 Race Charles nan Sell 50,000 $237.26 $11,863,198 Yes
2020-09-15 KOUREY MICHAEL R Director Sell 20,000 $194.20 $3,884,025 Yes
2020-09-16 Runyan Jonathan T General Counsel and Secretary Sell 1,525 $194.31 $296,320 Yes
2020-09-16 Race Charles nan Sell 1,723 $194.31 $334,793 Yes
2020-09-16 McKinnon Todd Chief Executive Officer Sell 3,692 $194.31 $717,387 Yes
2020-09-16 KRAMER CHRISTOPHER K Chief Accounting Officer Sell 18,366 $195.68 $3,593,767 Yes
2020-09-16 Losch William E Chief Financial Officer Sell 32,136 $194.81 $6,260,435 Yes
2020-09-16 Kerrest Jacques Frederic Director Sell 2,967 $194.31 $576,513 Yes
2020-09-16 Kerrest Jacques Frederic Director Sell 300 $200.00 $60,000 Yes
2020-09-10 Race Charles nan Sell 50,000 $204.47 $10,223,276 Yes
2020-08-31 Kerrest Jacques Frederic Director Sell 200 $210.10 $42,020 Yes
2020-08-10 Race Charles nan Sell 50,000 $200.13 $10,006,336 Yes
2020-07-30 WILSON L MICHELLE Director Sell 10,000 $219.45 $2,194,478 Yes
2020-07-20 Kerrest Jacques Frederic Director Sell 403,475 $210.39 $84,888,720 Yes
2020-07-20 HOROWITZ BENJAMIN A Director Sell 37,882 $207.05 $7,843,612 No
2020-07-15 KRAMER CHRISTOPHER K Chief Accounting Officer Sell 1,387 $205.34 $284,807 Yes
2020-07-14 WILSON L MICHELLE Director Sell 30,000 $203.56 $6,106,838 Yes
2020-07-13 Runyan Jonathan T General Counsel and Secretary Sell 19,993 $211.28 $4,224,183 Yes
2020-07-13 Losch William E Chief Financial Officer Sell 30,000 $211.17 $6,335,155 Yes
2020-07-10 Race Charles nan Sell 50,000 $219.18 $10,959,092 Yes
2020-06-22 HOROWITZ BENJAMIN A Director Sell 37,878 $198.94 $7,535,443 No
2020-06-22 McKinnon Todd Chief Executive Officer Sell 159,641 $198.87 $31,748,100 Yes
2020-06-16 Runyan Jonathan T General Counsel and Secretary Sell 1,356 $185.62 $251,703 Yes
2020-06-16 Race Charles nan Sell 1,546 $185.62 $286,971 Yes
2020-06-16 McKinnon Todd Chief Executive Officer Sell 3,536 $185.62 $656,359 Yes
2020-06-16 Losch William E Chief Financial Officer Sell 31,957 $185.77 $5,936,732 Yes

Insider Smart

CARNIVAL CORP (CCL) - Cruislines $CCL $NCLH $RCL took a huge beat due to the pandemic, concerns of bankruptcy were raised. Among the three dominating companies in the industry, $CCL is the first one bought by insiders, such a bold move would definitely boost investor confidence.

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.