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
Tracon Pharmaceuticals, Inc. (TCON)
Sector: Healthcare; Industry: Biotechnology

TRACON Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapeutics for cancer and wet age-related macular degeneration (AMD). The company also develops TRC102, a small molecule that is in Phase II clinical trial for mesothelioma, Phase I clinical trial for solid tumors and lung cancer, and Phase I/II clinical trial for solid tumors and lymphomas; and TRC253, a small molecule high affinity competitive inhibitor of wild type androgen receptor (AR) and multiple AR mutant receptors that is in Phase I/II clinical trial for the treatment prostate cancer. The company has license agreements with Ambrx, Inc.; Santen Pharmaceutical Co. Ltd.; Roswell Park Cancer Institute and Health Research Inc.; Case Western Cancer Center; and Lonza Sales AG, as well as a cooperative research and development agreement with National Cancer Institute. TRACON Pharmaceuticals, Inc. was founded in 2004 and is headquartered in San Diego, California.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2019-12-09 Puissance Cross-Border Opportunities V LLC 10%-Owner Sell 384,130 $2.93 $1,127,379 No
2019-08-09 THEUER CHARLES President and CEO Buy 50,000 $0.45 $22,500 No
2018-12-21 THEUER CHARLES President and CEO Buy 49,000 $0.66 $32,222 No
2018-03-27 Viswanathan Ravi 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 Sonsini Peter W. 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 SANDELL SCOTT D 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 MOTT DAVID M 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 KERINS PATRICK J 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 Florence Anthony A. Jr. 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 BASKETT FOREST 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 BARRIS PETER J 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 BARRETT M JAMES 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2018-03-27 New Enterprise Associates 14, L.P. 10%-Owner Buy 707,964 $2.70 $1,911,503 Yes
2017-06-02 LARUE WILLIAM R Director Sell 2,500 $2.69 $6,732 No
2016-11-29 BARRETT M JAMES 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 BARRIS PETER J 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 BASKETT FOREST 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 Florence Anthony A. Jr. 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 KERINS PATRICK J 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 KOLLURI KRISHNA KITTU 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 MOTT DAVID M 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 SANDELL SCOTT D 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 Sonsini Peter W. 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 Viswanathan Ravi 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-11-29 New Enterprise Associates 14, L.P. 10%-Owner Buy 869,565 $5.75 $4,999,999 No
2016-06-03 SHAZER RONALD L Chief Medical Officer Sell 1,003 $7.48 $7,502 No
2015-10-16 JAFCO Super V3 Investment Limited Partnership 10%-Owner Sell 1,500 $9.90 $14,848 No
2015-10-15 JAFCO Super V3 Investment Limited Partnership 10%-Owner Sell 5,300 $10.16 $53,826 No
2015-10-13 JAFCO Super V3 Investment Limited Partnership 10%-Owner Sell 3,168 $10.01 $31,711 No
2015-10-08 JAFCO Super V3 Investment Limited Partnership 10%-Owner Sell 21,920 $10.10 $221,375 No

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