Nimrod Ben-Natan - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Nimrod Ben-Natan. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

Companies with Reported Insider Positions

The SEC filings indicate Nimrod Ben-Natan has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Nimrod Ben-Natan. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases HLIT / Harmonic Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HLIT / Harmonic Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
2025-02-13	HLIT	Ben-Natan Nimrod	180	9.6500	180	9.6500	1,737	20	10.7000	189	10.88
2025-02-13	HLIT	Ben-Natan Nimrod	6,155	9.6499	6,155	9.6499	59,395
2025-02-13	HLIT	Ben-Natan Nimrod	1,245	9.6400	1,245	9.6400	12,002
2025-02-13	HLIT	Ben-Natan Nimrod	200	9.6350	200	9.6350	1,927

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales HLIT / Harmonic Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HLIT / Harmonic Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2024-02-05	HLIT	Ben-Natan Nimrod	30,000	12.9532	30,000	12.9532	388,596	80	9.2000	-112,596	-28.98
2024-02-05	HLIT	Ben-Natan Nimrod	70,000	12.8932	70,000	12.8932	902,524
2022-11-30	HLIT	Ben-Natan Nimrod	20,000	14.9100	20,000	14.9100	298,200
2022-11-30	HLIT	Ben-Natan Nimrod	30,000	14.9000	30,000	14.9000	447,000
2022-11-03	HLIT	Ben-Natan Nimrod	149,835	14.0700	149,835	14.0700	2,108,178
2022-06-02	HLIT	Ben-Natan Nimrod	80,000	9.9638	80,000	9.9638	797,104
2021-11-08	HLIT	Ben-Natan Nimrod	32,516	10.8735	32,516	10.8735	353,563
2021-11-08	HLIT	Ben-Natan Nimrod	20,000	10.8400	20,000	10.8400	216,800
2021-11-05	HLIT	Ben-Natan Nimrod	22,148	10.8357	22,148	10.8357	239,989
2021-11-04	HLIT	Ben-Natan Nimrod	25,336	10.8448	25,336	10.8448	274,764
2021-08-23	HLIT	Ben-Natan Nimrod	40,000	0.0000	40,000	0.0000	0
2021-08-23	HLIT	Ben-Natan Nimrod	40,000	9.8600	40,000	9.8600	394,400
2021-08-09	HLIT	Ben-Natan Nimrod	16,188	9.9000	16,188	9.9000	160,261
2021-08-09	HLIT	Ben-Natan Nimrod	43,812	9.8000	43,812	9.8000	429,358
2021-02-22	HLIT	Ben-Natan Nimrod	59,520	7.9700	59,520	7.9700	474,374
2021-02-19	HLIT	Ben-Natan Nimrod	40,480	7.9330	40,480	7.9330	321,128
2019-12-10	HLIT	Ben-Natan Nimrod	97,500	8.1726	97,500	8.1726	796,828
2019-12-10	HLIT	Ben-Natan Nimrod	50,702	8.1800	50,702	8.1800	414,742
2019-12-10	HLIT	Ben-Natan Nimrod	40,061	8.1900	40,061	8.1900	328,100
2019-12-10	HLIT	Ben-Natan Nimrod	49,237	8.2000	49,237	8.2000	403,743
2017-03-09	HLIT	Ben-Natan Nimrod	19,000	5.9000	19,000	5.9000	112,100
2015-02-18	HLIT	Ben-Natan Nimrod	26,250	7.8616	26,250	7.8616	206,367

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Nimrod Ben-Natan as disclosed to the Securities Exchange Commission (SEC).