Brian J Cassidy - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian J Cassidy. 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 Brian J Cassidy 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 Brian J Cassidy. 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 MANH / Manhattan Associates, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in MANH / Manhattan Associates, 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 (%)
There are no known unplanned open-market trades for this insider and security combination

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

Insider Sales MANH / Manhattan Associates, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in MANH / Manhattan Associates, 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 (%)
2016-06-07	MANH	CASSIDY BRIAN J	17,792	67.0000	17,792	67.0000	1,192,064	339	45.1900	-388,044	-32.55
2015-12-08	MANH	CASSIDY BRIAN J	21,420	76.3568	21,420	76.3568	1,635,563
2015-11-27	MANH	CASSIDY BRIAN J	10,860	75.3189	10,860	75.3189	817,963
2015-11-27	MANH	CASSIDY BRIAN J	4,600	76.0271	4,600	76.0271	349,725
2015-11-25	MANH	CASSIDY BRIAN J	1,200	75.0620	1,200	75.0620	90,074
2015-11-03	MANH	CASSIDY BRIAN J	15,410	73.7683	15,410	73.7683	1,136,770
2015-11-03	MANH	CASSIDY BRIAN J	1,250	74.5444	1,250	74.5444	93,180
2015-10-23	MANH	CASSIDY BRIAN J	6,530	71.3422	6,530	71.3422	465,865
2015-10-23	MANH	CASSIDY BRIAN J	7,778	72.4214	7,778	72.4214	563,294
2015-05-19	MANH	CASSIDY BRIAN J	30,000	55.3189	30,000	55.3189	1,659,567
2015-02-25	MANH	CASSIDY BRIAN J	6,093	51.0384	6,093	51.0384	310,977
2015-02-24	MANH	CASSIDY BRIAN J	23,907	51.0292	23,907	51.0292	1,219,955
2015-02-06	MANH	CASSIDY BRIAN J	20,000	48.6851	20,000	48.6851	973,702
2014-12-04	MANH	CASSIDY BRIAN J	4,309	40.0000	4,309	40.0000	172,360
2014-12-03	MANH	CASSIDY BRIAN J	23	40.0000	23	40.0000	920
2014-12-02	MANH	CASSIDY BRIAN J	23,010	40.0000	23,010	40.0000	920,400
2014-11-28	MANH	CASSIDY BRIAN J	2,658	40.1027	2,658	40.1027	106,593
2014-10-31	MANH	CASSIDY BRIAN J	30,000	39.4781	30,000	39.4781	1,184,343
2014-02-24	MANH	CASSIDY BRIAN J	30,000	36.1482	30,000	36.1482	1,084,446
2013-11-25	MANH	CASSIDY BRIAN J	4,900	117.7337	4,900	117.7337	576,895
2013-11-25	MANH	CASSIDY BRIAN J	100	118.3200	100	118.3200	11,832
2013-09-13	MANH	CASSIDY BRIAN J	5,000	92.5000	5,000	92.5000	462,500
2013-08-08	MANH	CASSIDY BRIAN J	10,000	89.5000	10,000	89.5000	895,000
2013-08-01	MANH	CASSIDY BRIAN J	10,000	89.5000	10,000	89.5000	895,000
2013-06-04	MANH	CASSIDY BRIAN J	2,902	76.0000	2,902	76.0000	220,552
2013-05-31	MANH	CASSIDY BRIAN J	5,000	76.1277	5,000	76.1277	380,638
2013-05-31	MANH	CASSIDY BRIAN J	2,098	76.2403	2,098	76.2403	159,952
2013-05-16	MANH	CASSIDY BRIAN J	5,000	73.5000	5,000	73.5000	367,500
2013-02-01	MANH	CASSIDY BRIAN J	5,000	68.0000	5,000	68.0000	340,000
2013-02-01	MANH	CASSIDY BRIAN J	5,000	68.0088	5,000	68.0088	340,044
2012-09-04	MANH	CASSIDY BRIAN J	10,000	50.4546	10,000	50.4546	504,546
2012-02-03	MANH	CASSIDY BRIAN J	10,000	45.9385	10,000	45.9385	459,385

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 Brian J Cassidy as disclosed to the Securities Exchange Commission (SEC).