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
Upwork Inc. (UPWK)
Sector: Industrials; Industry: Staffing & Employment Services

Upwork Inc. operates an online talent marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers) in the United States, India, the Philippines, and internationally. The company's platform provides access to talent with approximately 8,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and web development. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. Upwork Inc. was incorporated in 2013 and is headquartered in Santa Clara, California.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-06-23 Brown Hayden President & CEO Sell 75,917 $55.03 $4,177,591 Yes
2021-06-22 Brown Hayden President & CEO Sell 34,607 $48.74 $1,686,871 Yes
2021-06-03 NELSON ELIZABETH A Director Sell 27,952 $47.73 $1,334,216 Yes
2021-05-18 McCombs Jeff Chief Financial Officer Sell 525 $40.32 $21,168 Yes
2021-05-18 Gilpin Eric Senior VP, Sales Sell 3,315 $40.27 $133,507 Yes
2021-05-18 Brown Hayden President & CEO Sell 1,310 $40.29 $52,780 Yes
2021-05-13 Steele Gary Director Sell 7,500 $37.95 $284,627 No
2021-05-13 Brown Hayden President & CEO Sell 20,000 $38.14 $762,783 Yes
2021-03-18 Brown Hayden President & CEO Sell 31,797 $45.13 $1,435,094 Yes
2021-03-04 Brown Hayden President & CEO Sell 260,000 $44.50 $11,569,021 Yes
2021-02-19 Gilpin Eric Senior VP, Sales Sell 3,389 $53.78 $182,265 Yes
2021-01-20 Brown Hayden President & CEO Sell 1,067 $40.27 $42,969 Yes
2020-12-18 Brown Hayden President & CEO Sell 29,592 $39.81 $1,178,097 Yes
2020-11-23 NELSON ELIZABETH A Director Sell 41,674 $35.15 $1,464,929 Yes
2020-11-20 Gilpin Eric Senior VP, Sales Sell 6,735 $34.92 $235,164 Yes
2020-11-10 Gilpin Eric Senior VP, Sales Sell 100,000 $28.36 $2,836,172 Yes
2020-10-19 Brown Hayden President & CEO Sell 1,314 $20.65 $27,134 Yes
2020-09-18 Brown Hayden President & CEO Sell 30,558 $15.17 $463,510 Yes
2020-08-20 Gilpin Eric Senior VP, Sales Sell 6,735 $15.02 $101,165 Yes
2020-08-11 GRETSCH GREGORY C. Director Buy 547,844 $14.71 $8,059,232 No
2020-08-06 Gilpin Eric Senior VP, Sales Sell 3,455 $14.08 $48,658 No
2020-08-07 Srinivasan Leela Director Sell 5,975 $14.49 $86,566 No
2020-07-20 Brown Hayden President & CEO Sell 1,287 $14.67 $18,883 Yes
2020-06-18 Brown Hayden President & CEO Sell 23,858 $11.92 $284,294 Yes
2020-05-19 Gilpin Eric Senior VP, Sales Sell 3,279 $12.60 $41,329 Yes
2020-05-11 GRETSCH GREGORY C. Director Buy 542,996 $9.95 $5,403,085 No
2020-04-20 Brown Hayden President & CEO Sell 895 $7.72 $6,908 Yes
2020-03-18 Brown Hayden President & CEO Sell 23,326 $5.64 $131,521 Yes
2020-03-05 GRETSCH GREGORY C. Director Buy 150,000 $8.04 $1,205,610 No
2020-03-05 LAYTON THOMAS Chairman Buy 125,000 $8.09 $1,010,960 No

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.

Insider Smart

Altimmune, Inc. (ALT) - Venrock Healthcare Capital Partners III, L.P., 10%-owner of ALT bought 1.3M shares in late May then added another 1.5M shares in June with an averaged ~$8 per share. 10 days after the accumulation, ALT price jumped to $10.