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
RigNet, Inc. (RNET)
Sector: Energy; Industry: Oil & Gas Equipment & Services

RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The Apps & IoT segment offers applications over-the-top of the network layer, including Software as a Service offerings, such as a real-time machine learning and artificial intelligence data platform; Cyphre encryption; cybersecurity services; edge computing solution services that assist customers with collecting and standardizing the complex data produced by edge devices; applications for safety and workforce productivity; and other value-added services. The Systems Integration segment engages in the design, consulting, engineering, project management, procurement, testing, installation, commissioning, and maintenance of telecommunications systems. This segment also provides monitoring and maintenance for fire and gas detection systems; and programmable logic controller and automation control systems. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-03-24 Sullivan Brendan CTO/CIO Sell 1,750 $9.00 $15,750 No
2018-11-27 OLSEN KEITH Director Sell 2,700 $17.02 $45,951 No
2018-11-15 Mulloy Kevin C. Director Sell 3,030 $16.57 $50,200 No
2018-09-14 McDermott Tonya Maumus Interim CFO Sell 10,576 $21.80 $230,560 Yes
2018-08-30 Carter Benjamin Andrew Interim PAO Sell 1,142 $16.16 $18,451 No
2018-08-31 Digital Oilfield Investments LP 10%-Owner Buy 42,089 $15.97 $672,054 No
2018-08-31 KKR Fund Holdings L.P. 10%-Owner Buy 42,089 $15.97 $672,054 No
2018-08-28 KKR Fund Holdings L.P. 10%-Owner Buy 47,205 $15.98 $754,454 No
2018-08-28 Digital Oilfield Investments LP 10%-Owner Buy 47,205 $15.98 $754,454 No
2018-08-23 KKR Fund Holdings L.P. 10%-Owner Buy 57,877 $15.31 $885,957 No
2018-08-23 Digital Oilfield Investments LP 10%-Owner Buy 57,877 $15.31 $885,957 No
2018-08-21 Sullivan Brendan CTO/CIO Sell 1,000 $14.50 $14,500 No
2018-08-20 KKR Fund Holdings L.P. 10%-Owner Buy 44,916 $14.09 $632,863 No
2018-08-20 Digital Oilfield Investments LP 10%-Owner Buy 44,916 $14.09 $632,863 No
2018-08-15 KKR Fund Holdings L.P. 10%-Owner Buy 58,167 $13.60 $791,064 No
2018-08-14 Digital Oilfield Investments LP 10%-Owner Buy 32,394 $13.68 $443,128 No
2018-08-07 Sullivan Brendan CTO/CIO Sell 2,000 $13.00 $26,000 No
2018-03-28 Davis Charles Louis IV Director Sell 12,000 $13.45 $161,424 No
2018-03-19 Mulloy Kevin C. Director Sell 3,300 $13.21 $43,599 No
2018-03-19 Davis Charles Louis IV Director Sell 8,000 $13.51 $108,085 No
2017-09-06 Davis Charles Louis IV Director Sell 3,000 $16.25 $48,755 No
2017-05-24 Davis Charles Louis IV Director Sell 1,750 $16.87 $29,522 No
2017-03-28 Davis Charles Louis IV Director Sell 1,500 $19.85 $29,775 No
2017-03-24 Schneider Charles E. CFO and Senior Vice President Sell 2,280 $19.88 $45,327 No
2017-03-22 Schneider Charles E. CFO and Senior Vice President Sell 4,220 $20.31 $85,702 No
2016-12-12 Davis Charles Louis IV Director Sell 3,500 $22.20 $77,700 No
2016-09-02 Mulloy Kevin C. Director Sell 3,650 $12.14 $44,311 No
2016-05-31 Mulloy Kevin C. Director Sell 3,700 $12.80 $47,360 No
2016-05-27 Jimmerson Martin L. Interim CEO and President Sell 29,192 $12.51 $365,192 Yes
2016-05-26 Jimmerson Martin L. Interim CEO and President Sell 28,683 $12.59 $361,249 Yes

Insider Smart

PENN NATIONAL GAMING INC (PENN) - PENN took a deep dive from $36 to $5 due to the crash, anyone who was bold enough to pick up some shares in March or April could have made a 900% profit in 2 months. But bottom fishing is always easier said than done, if one took a safer bet and followed multiple insider buying around $18, a 100% profit is still impressive.

Insider Smart

ROYAL CARIBBEAN CRUISES (RCL) - Thompson Donald, Director of RCL feels safe and made a move. The only insiders bought RCL post crash.