$DNB Insiders show a lot of conviction but the market is unconvinced.

2021-02-11
Purchase
2021-02-11
5:37 pm
Dun & Bradstreet Holdings Inc. DNB Hipsher Bryan T.
CFO
5,000 $23.3 $116,500 9,000
(Indirect
Direct)
View
2021-02-11
Purchase
2021-02-11
5:35 pm
Dun & Bradstreet Holdings Inc. DNB Jabbour Anthony M
CEO
42,900 $23.26 $998,038 415,802
(Indirect)
View
2020-11-06
Purchase
2020-11-09
07:33 am
Dun & Bradstreet Holdings Inc. DNB Jabbour Anthony M
CEO
38,000 $26.31 $999,780 372,902
(Indirect)
View
2020-11-06
Purchase
2020-11-09
07:31 am
Dun & Bradstreet Holdings Inc. DNB Hipsher Bryan T.
CFO
4,000 $26.39 $105,560 4,000
(Indirect
Direct)
View
2020-07-02
Purchase
2020-07-07
4:07 pm
Dun & Bradstreet Holdings Inc. DNB Ammerman Douglas K
Director
11,300 $22 $248,600 11,300
(Direct)
View
2020-07-02
Purchase
2020-07-07
4:07 pm
Dun & Bradstreet Holdings Inc. DNB Massey Richard N
Director
100,000 $22 $2,200,000 100,000
(Indirect
Direct)
View
2020-07-02
Purchase
2020-07-07
4:07 pm
Dun & Bradstreet Holdings Inc. DNB Jabbour Anthony M
CEO
200,000 $22 $4,400,000 200,000
(Indirect)
View
2020-07-02
Purchase
2020-07-07
4:06 pm
Dun & Bradstreet Holdings Inc. DNB Reinhardt Joseph A. Ill
Chief Legal Officer
25,000 $22 $550,000 25,000
(Indirect
Direct)
View
2020-07-02
Purchase
2020-07-07
4:06 pm
Dun & Bradstreet Holdings Inc. DNB Hipsher Bryan T.
CFO
25,000 $22 $550,000 25,000
(Indirect)
View
2020-07-02
Purchase
2020-07-07
4:06 pm
Dun & Bradstreet Holdings Inc. DNB Daffron Stephen C.
President
100,000 $22 $2,200,000 100,000
(Indirect
Direct)
View
2020-07-02
Purchase
2020-07-07
4:05 pm
Dun & Bradstreet Holdings Inc. DNB PIETRONTONE ANTHONY JR
CAO
4,000 $22 $88,000 4,000
(Indirect
Direct)
View

 

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Smile Direct Club $SDC shares a lot with other Reddit stocks, particularly Rocket $RKT. Buy before earnings tomorrow afternoon. $RKT short % of float was 39.73%, $SDC is 25.24%. Smile Direct has its skeptics, mostly dentists selling twice the price Invisalign. $ALGN

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Insiders sell stock for many reasons, but they generally buy for just one – to make money. You’ve always heard the best information is inside information.  Everyone who has any experience at all in the stock market pays close attention to what insiders are doing.  After all, who knows a business better than the people running it?  Officers, directors, and 10% owners are required to inform the public through a Form 4 Filing any transaction, buy, sell, exercise, or any other with 48 hours of doing so. This info is available for free from the SEC’s Web site, Edgar, although we subscribe to SECForm4  as they provide a way to manage and make sense of the vast realms of data. I’ve tried a lot of vendors and SECForm4 is one of the most customer-friendly and responsive I’ve used.

We publish a subscription newsletter called The Insiders Report.  We offer a free 30-day trial so you have nothing to lose by trying it out. Be sure to carefully read the TERMS OF SERVICE.

Another source for insider buying and selling and much more is FinViz Elite. FinViz stands for financial visualization and they do an amazing job of providing reams of data and the tools to help you get to the bottom of it, the information that helps me make informed decisions and probable outcomes. I’ve been using their site for years and it only gets better over time.

This is as close to “insider information” that an ordinary investor is likely to see- and it’s entirely legal. 

BEWARE– Following insiders can be hazardous to your financial health unless you know what you are doing.  Unlike the raw, unfiltered data, The Insiders Fund blog informs you of the purchases that count, the ones that are just window dressing into deceiving the public that all is hunky-dory, and those that are just flat out other people’s money and should be just discarded like bad fish. As a rule, we only look at material amounts of money, $200 thousand or more, as anything less could just be window dressing.

The bar is different from selling because the natural state of management is to be sellers. This is because most companies provide significant amounts of management compensation packages as stock and options. Therefore, with selling, we analyze for unusual patterns, such as insiders selling 25 percent or more of their holdings or multiple insiders selling near 52-week lows. Another red flag is large planned sale programs that start without warning. Unfortunately, the public information disclosure requirements about these programs referred to as Rule 10b5-1 is horrendously poor. Also planned sales that just pop up out of nowhere are basically sales and are seeking cover under the Sarbanes Oxley corporate welfare clause. I also generally ignore 10 percent shareholders as they tend to be OPM (other people’s money) and perhaps not the smart money we are trying to read the tea leaves on.

Of course, insiders can also be wrong about their Company’s prospects. Don’t let anyone fool you into believing they never make mistakes.  No one tracks and understands insider behavior better than us. We’ve been doing it religiously since 2001 when I quit being an insider myself and devoted myself full time to managing my personal investments. They can easily be wrong about how much others will value them, and in many cases, maybe most cases have no more idea what the future may hold than you or I. In short, you can lose money following them.  We have and we curse aloud, what were they thinking!  Needless to say, past good fortune is no guarantee of future success.  We may own positions, long or short, in any of these names and are under no obligation to disclose that. We welcome your comments on our analysis.

This blog is solely for educational purposes and the author’s own amusement.  Investing with The Insiders Fund is for qualified investors and by Prospectus only. Nothing herein should be construed otherwise.  THE INSIDERS FUND invests in companies at or near prices that management has been willing to invest significant amounts of their own money in.  If you would like to hear more about how you can get involved with the Insiders Fund, please schedule some time on my calendar. 

Prosperous Trading,

Harvey Sax

The Insiders Fund was the 4th best long-short equity fund in the world in 2019