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
SPRUCE BIOSCIENCES, INC. (SPRB)


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-10-14 Novo Holdings A/S 10%-Owner Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 RiverVest Venture Fund III, L.P. 10%-Owner Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 Muralidhar Bali Director Buy 200,000 $15.00 $3,000,000 Yes
2020-10-14 O'Donnell Niall Director Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 Omega Fund VI, L.P. Former 10% Owner Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 Chaya Moghrabi Dina Director Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 HealthCap VIII, L.P. Former 10% Owner Buy 250,000 $15.00 $3,750,000 Yes
2020-10-14 HANSSON JONAS Director Buy 250,000 $15.00 $3,750,000 Yes

Insider Smart

Liberty Media Corp (LSXMA) - BERKSHIRE HATHAWAY INC, Buffett made a move and add 2M shares to their position. What a news after dumping Airlines.

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.