Introduction

This page provides a comprehensive analysis of the known insider trading history of Nimish S Bhatt. 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

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Nimish S Bhatt has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
SVP & CFO 104,079
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Nimish S Bhatt. 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 Trading History

This table shows the complete list of insider trades made by Nimish S Bhatt as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2016-05-26 2016-05-25 4 CLMA Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 1,106 104,079 1.07 7.80 8,630 811,898
2016-03-10 2016-03-08 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 952 117,593 0.82 8.69 8,272 1,021,644
2016-03-04 2016-03-03 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 14,620 116,640 14.33
2016-03-04 2016-03-03 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,207 102,020 -1.17 8.72 -10,525 889,617
2016-02-17 2016-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,857 103,227 -1.77 8.40 -15,599 867,110
2016-02-17 2016-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,671 105,084 -1.57 8.40 -14,036 882,709
2016-02-10 2016-02-09 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -2,092 106,755 -1.92 9.10 -19,037 971,474
2015-11-25 2015-11-24 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 763 108,847 0.71 9.38 7,156 1,021,217
2015-08-26 2015-08-25 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 675 108,085 0.63 10.46 7,055 1,130,489
2015-06-02 2015-05-29 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 570 56,578 1.02 12.23 6,969 691,870
2015-05-07 2015-05-07 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -757 106,840 -0.70 12.22 -9,251 1,305,587
2015-03-11 2015-03-10 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 10,041 107,597 10.29
2015-03-02 2015-02-24 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 428 97,556 0.44 13.57 5,802 1,323,545
2015-02-18 2015-02-13 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,137 97,129 -1.16 12.96 -14,736 1,258,786
2015-02-10 2015-02-09 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,424 98,265 -1.43 13.12 -18,680 1,289,234
2014-11-25 2014-11-21 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 416 99,689 0.42 13.80 5,740 1,375,622
2014-08-27 2014-08-26 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 438 99,273 0.44 12.94 5,674 1,284,796
2014-05-22 2014-05-20 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 365 98,834 0.37 12.25 4,476 1,210,640
2014-05-07 2014-05-07 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -788 98,469 -0.79 12.20 -9,614 1,201,319
2014-03-04 2014-03-03 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 10,567 99,257 11.91
2014-02-26 2014-02-25 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 337 88,689 0.38 11.45 3,861 1,015,291
2014-02-18 2014-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -711 88,351 -0.80 11.55 -8,212 1,020,459
2014-02-10 2014-02-09 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,481 89,062 -1.64 11.18 -16,557 995,718
2013-11-22 2013-11-20 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 364 90,543 0.40 10.47 3,816 948,180
2013-09-06 2013-09-04 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 373 90,179 0.41 10.11 3,769 912,017
2013-06-06 2013-06-04 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 352 89,806 0.39 10.59 3,725 950,951
2013-06-06 2013-05-07 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes 788 89,455 0.89 11.60 9,141 1,037,674
2013-03-12 2013-03-08 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 299 90,243 0.33 11.66 3,482 1,052,527
2013-02-19 2013-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,248 89,944 -1.37 10.52 -13,129 946,212
2013-02-19 2013-02-14 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 11,883 91,192 14.98
2012-12-18 2012-12-04 4/A CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 285 79,309 0.36 9.64 2,745 764,865
2012-12-05 2012-12-04 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 280 79,305 0.35 9.80 2,745 777,185
2012-08-29 2012-08-28 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 247 79,024 0.31 11.00 2,718 868,961
2012-06-06 2012-06-05 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 219 78,777 0.28 10.63 2,326 837,403
2012-03-08 2012-03-07 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		P - Purchase 193 78,558 0.25 11.97 2,308 940,344
2012-03-01 2012-02-15 4/A CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 12,196 78,366 18.43
2012-02-17 2012-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		A - Award 11,915 78,085 18.01
2012-02-17 2012-02-15 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -1,401 66,170 -2.07 12.59 -17,639 833,075
2012-02-14 2012-02-13 4 CLMS Calamos Asset Management, Inc. /DE/
Class A Common Stock 		F - Taxes -2,368 67,571 -3.39 12.87 -30,476 869,634
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)