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
Purple Innovation, Inc. (PRPL)
Sector: Consumer Cyclical; Industry: Furnishings, Fixtures & Appliances

Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company markets and sells its products through direct-to-consumer online channels, retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through its factory outlet and the company owned showrooms.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-05-21 Coliseum Capital Management, LLC 10%-Owner, Director Sell 7,308,792 $30.00 $219,263,760 No
2019-09-06 Coliseum Capital Management, LLC 10%-Owner, Director Buy 29,979 $8.22 $246,306 No
2019-08-30 Coliseum Capital Management, LLC 10%-Owner, Director Buy 132,200 $8.02 $1,059,786 No
2019-08-27 Coliseum Capital Management, LLC 10%-Owner, Director Buy 97,867 $7.67 $750,750 No
2018-06-08 Coliseum Capital Management, LLC 10%-Owner, Director Buy 288,308 $7.65 $2,205,556 No
2018-05-31 Coliseum Capital Management, LLC 10%-Owner, Director Buy 51,396 $7.85 $403,459 Yes
2018-05-18 Coliseum Capital Management, LLC 10%-Owner, Director Buy 317,673 $6.40 $2,033,107 Yes

Insider Smart

Enphase Energy, Inc (ENPH) - ENPH was $10+ in 15Q1 then dropped to $2 and eventually went under $1. From 15Q4 to 17Q4 it built a 2-year-long base then BOOM! Stock went as high as $70 and likely will make a new high. Catch one or two moves like this you can retire early. One hint before the big move was that CEO and CFO were constantly accumulating, this kind of information is priceless.

Insider Smart

CEDAR FAIR L.P. (FUN) - Another crash victim, Cedar Fair L.P. took a deep dive from $54 to $13, insiders were confidence and eagerly jumped in around $27. With insiders on your side, this would be an easy add and hold to get your cost under $20. Stock is about to breach $40 in the coming weeks.