Brager David A. - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brager David A.. 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 Brager David A. 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 Brager David A.. 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 CVBF / CVB Financial Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CVBF / CVB Financial Corp.. 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 (%)
2024-02-06	CVBF	Brager David A.	2,000	16.7500	2,000	16.7500	33,500	293	24.0000	14,500	43.28
2023-03-10	CVBF	Brager David A.	1,000	21.1800	1,000	21.1800	21,180

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

Insider Sales CVBF / CVB Financial Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CVBF / CVB Financial Corp.. 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 (%)
2018-12-12	CVBF	Brager David A.	1,128	21.6843	1,128	21.6843	24,460	12	19.2300	-2,768	-11.32
2017-05-08	CVBF	Brager David A.	2,000	22.1327	2,000	22.1327	44,265
2016-08-15	CVBF	Brager David A.	8,000	17.0800	8,000	17.0800	136,640
2016-04-29	CVBF	Brager David A.	3,619	17.1864	3,619	17.1864	62,198
2016-03-15	CVBF	Brager David A.	4,950	17.1391	4,950	17.1391	84,839
2015-06-05	CVBF	Brager David A.	6,875	16.5291	6,875	16.5291	113,638
2015-03-09	CVBF	Brager David A.	10,000	15.7197	10,000	15.7197	157,197
2015-02-05	CVBF	Brager David A.	10,000	15.3780	10,000	15.3780	153,780
2014-12-08	CVBF	Brager David A.	2,750	15.9920	2,750	15.9920	43,978
2014-06-10	CVBF	Brager David A.	5,000	15.6060	5,000	15.6060	78,030
2014-05-28	CVBF	Brager David A.	2,200	14.6849	2,200	14.6849	32,307
2014-05-19	CVBF	Brager David A.	2,150	14.4450	2,150	14.4450	31,057
2014-03-05	CVBF	Brager David A.	2,500	15.9400	2,500	15.9400	39,850
2014-02-24	CVBF	Brager David A.	1,100	15.3840	1,100	15.3840	16,922
2012-04-26	CVBF	Brager David A.	4,728	11.8150	4,728	11.8150	55,861

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 Brager David A. as disclosed to the Securities Exchange Commission (SEC).