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
BurgerFi International, Inc. (OPES)
Sector: Financial Services; Industry: Shell Companies

Opes Acquisition Corp. does not have significant operations.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2022-09-30 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.83 $42,450 No
2022-09-27 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.92 $43,750 No
2022-09-22 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.92 $43,800 No
2022-09-19 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.95 $44,250 No
2022-09-09 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.96 $44,400 No
2022-09-06 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.93 $43,900 No
2022-08-31 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 10,000 $2.99 $29,900 No
2022-08-29 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $2.97 $44,500 No
2022-08-24 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $3.04 $45,600 No
2022-08-19 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $3.13 $46,900 No
2022-08-16 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 25,000 $3.23 $80,800 No
2022-08-11 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 13,000 $3.25 $42,190 No
2022-04-25 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 6,200 $4.06 $25,166 No
2022-04-20 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 7,200 $4.06 $29,208 No
2022-04-14 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 6,000 $3.96 $23,730 No
2022-04-04 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 9,000 $4.08 $36,750 No
2022-03-24 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 8,000 $4.20 $33,570 No
2022-03-21 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 7,500 $4.46 $33,430 No
2022-03-16 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 9,000 $4.34 $39,060 No
2022-03-11 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 9,004 $4.75 $42,739 No
2022-01-04 Sternberg Ophir Executive Chairman Buy 50,000 $6.12 $305,876 Yes
2021-12-23 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 15,000 $6.42 $96,300 No
2021-08-16 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 2,280 $11.06 $25,217 No
2021-08-13 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 23,516 $11.17 $262,744 No
2021-07-16 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 79,742 $11.32 $902,554 No
2021-06-25 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 3,300 $10.48 $34,584 No
2021-06-17 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 160,050 $10.45 $1,671,852 No
2021-06-14 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 127,049 $11.10 $1,410,178 No
2021-06-10 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 243,973 $10.78 $2,630,324 No
2021-06-07 JOHN ROSATTI REVOCABLE TRUST 10%-Owner Sell 253,116 $10.09 $2,553,177 No

Insider Smart

Delta Airlines (DAL) - From an insider's perspective: airlines are the first ones to go under due to the pandemic. A lot of concerns were raised on possible bankruptcy especially amid by the dump from Buffett. However, insiders of Delta were bold enough to buy when Buffett was fear. And Delta is the only airline bought by insiders post-Buffett-dump.

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.