Michael A Doyle - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael A Doyle. 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 Michael A Doyle 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 Michael A Doyle. 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 FORR / Forrester Research, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FORR / Forrester Research, 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 (%)
2008-12-12	FORR	DOYLE MICHAEL A	100	21.4800	100	21.4800	2,148	19	28.21	673	31.33
2008-12-12	FORR	DOYLE MICHAEL A	100	21.4520	100	21.4520	2,145
2008-12-12	FORR	DOYLE MICHAEL A	800	21.4720	800	21.4720	17,178

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

Insider Sales FORR / Forrester Research, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FORR / Forrester Research, 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 (%)
2020-12-15	FORR	DOYLE MICHAEL A	7,900	42.7712	7,900	42.7712	337,892	43	39.64	-24,736	-7.32
2020-12-14	FORR	DOYLE MICHAEL A	3,900	43.0555	3,900	43.0555	167,916
2020-11-03	FORR	DOYLE MICHAEL A	14,000	38.8987	14,000	38.8987	544,582
2019-02-22	FORR	DOYLE MICHAEL A	3,585	48.8100	3,585	48.8100	174,984
2019-02-21	FORR	DOYLE MICHAEL A	10,415	48.7200	10,415	48.7200	507,419
2017-12-01	FORR	DOYLE MICHAEL A	7,000	45.8900	7,000	45.8900	321,230
2017-11-30	FORR	DOYLE MICHAEL A	3,000	46.5400	3,000	46.5400	139,620
2016-11-23	FORR	DOYLE MICHAEL A	5,000	41.2100	5,000	41.2100	206,050
2016-11-07	FORR	DOYLE MICHAEL A	10,000	37.0500	10,000	37.0500	370,500
2014-08-11	FORR	DOYLE MICHAEL A	3,241	38.7700	3,241	38.7700	125,654
2014-08-08	FORR	DOYLE MICHAEL A	157	38.7500	157	38.7500	6,084
2014-08-07	FORR	DOYLE MICHAEL A	3,131	38.7600	3,131	38.7600	121,358
2014-08-06	FORR	DOYLE MICHAEL A	5,971	39.0200	5,971	39.0200	232,988
2010-11-22	FORR	DOYLE MICHAEL A	6,747	35.5500	6,747	35.5500	239,856
2010-11-22	FORR	DOYLE MICHAEL A	753	35.5800	753	35.5800	26,792

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

Insider Purchases QTRX / Quanterix Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FORR / Forrester Research, 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 (%)
2022-08-15	QTRX	DOYLE MICHAEL A	15,000	10.1612	15,000	10.1612	152,418	365	26.6300	247,032	162.08
2022-08-12	QTRX	DOYLE MICHAEL A	15,000	10.4335	15,000	10.4335	156,502

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

Insider Sales QTRX / Quanterix Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FORR / Forrester Research, 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 (%)
2022-08-01	QTRX	DOYLE MICHAEL A	37	15.6147	37	15.6147	578	8	7.4600	-301	-52.16
2022-07-13	QTRX	DOYLE MICHAEL A	434	18.1554	434	18.1554	7,879

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 Michael A Doyle as disclosed to the Securities Exchange Commission (SEC).