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
SMART Global Holdings, Inc. (SGH)
Sector: Technology; Industry: Semiconductors

SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. The company also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. Further it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and bare metal HPC in hardware or cloud-based solutions through Penguin Computing On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions based upon its Frostbyte storage platform; and rackmount servers and GPU accelerated computing platforms. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-01-07 SILVER LAKE SUMERU (OFFSHORE) AIV GP, LTD. Executive Chairman Sell 2,090,000 $40.30 $84,227,000 No
2021-01-07 Silver Lake (Offshore) AIV GP III, Ltd. 10%-Owner Sell 2,090,000 $40.30 $84,227,000 No
2020-12-21 Pacheco Jack A EVP, CFO, COO, Pres SMART Mem Sell 2,983 $32.93 $98,227 Yes
2020-11-23 Pacheco Jack A EVP, CFO, COO, Pres SMART Mem Sell 7,500 $30.12 $225,923 Yes
2020-11-09 Pacheco Jack A EVP, CFO, COO, Pres SMART Mem Sell 52,500 $30.29 $1,590,160 Yes
2020-10-23 Adams Mark President and CEO Buy 9,820 $25.99 $255,269 No
2020-07-20 Dow Stephen C. Senior Vice President Sell 696 $27.79 $19,344 No
2020-06-05 Pacheco Jack A Executive VP, CFO, COO Sell 11,250 $30.00 $337,500 Yes
2020-01-21 Coull Thomas Senior Vice President Sell 432 $34.29 $14,813 No
2020-01-02 NAYYAR SANDEEP Director Sell 4,162 $38.96 $162,152 No
2019-08-12 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 2,200 $27.71 $60,962 No
2019-07-17 Dow Stephen C. Senior Vice President Buy 15,900 $31.50 $500,824 No
2019-07-30 Kim KiWan SVP of EM & Pres. Brazil Sell 7,084 $31.77 $225,030 No
2019-07-30 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 2,267 $31.75 $71,977 No
2019-05-20 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 2,381 $18.39 $43,791 Yes
2019-04-22 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 2,000 $22.13 $44,260 Yes
2019-04-15 MacKenzie Iain Director Sell 10,000 $21.31 $213,100 No
2019-03-19 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 2,000 $25.04 $50,080 Yes
2019-03-15 MacKenzie Iain Director Sell 10,000 $23.95 $239,533 No
2019-02-22 GOLDBERG BRUCE M V.P., Chief Legal Officer Sell 1,957 $30.71 $60,099 No
2019-02-15 MacKenzie Iain Director Sell 10,000 $28.78 $287,800 No
2019-01-30 GOLDBERG BRUCE M V.P., Chief Legal Officer Sell 2,200 $24.26 $53,372 No
2019-01-30 Kim KiWan SVP of EM & Pres. Brazil Sell 6,875 $24.28 $166,925 No
2019-01-15 MacKenzie Iain Director Sell 10,000 $23.11 $231,100 No
2018-12-20 GOLDBERG BRUCE M VP, Chief Legal Officer Sell 3,042 $30.20 $91,874 Yes
2018-12-17 Marten Alan Senior Vice President Sell 8,800 $28.99 $255,144 Yes
2018-12-17 MacKenzie Iain Director Sell 10,000 $28.99 $289,936 No
2018-12-03 MacKenzie Iain Director Sell 52,404 $35.03 $1,835,712 Yes
2018-11-19 MacKenzie Iain Director Sell 98,797 $30.52 $3,015,371 Yes
2018-11-15 Marten Alan Senior Vice President Sell 8,800 $29.33 $258,104 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.