David Thomas Evans - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David Thomas Evans. 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 David Thomas Evans 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 David Thomas Evans. 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 CDLX / Cardlytics, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CDLX / Cardlytics, 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 (%)
2018-02-13	CDLX	Evans David Thomas	1,500	13.0000	1,500	13.0000	19,500	216	27.6500	21,975	112.69

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

Insider Sales CDLX / Cardlytics, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CDLX / Cardlytics, 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 (%)
2020-08-27	CDLX	Evans David Thomas	2,502	80.1000	2,502	80.1000	200,410	21	64.2550	-39,644	-19.78
2020-08-27	CDLX	Evans David Thomas	1,049	80.8100	1,049	80.8100	84,770
2020-08-27	CDLX	Evans David Thomas	1,432	81.7000	1,432	81.7000	116,994
2020-08-13	CDLX	Evans David Thomas	86	79.6200	86	79.6200	6,847
2020-08-12	CDLX	Evans David Thomas	15,047	77.1400	15,047	77.1400	1,160,726
2020-08-11	CDLX	Evans David Thomas	13,019	75.5500	13,019	75.5500	983,585
2020-08-11	CDLX	Evans David Thomas	401	76.0500	401	76.0500	30,496
2020-05-27	CDLX	Evans David Thomas	4,512	66.9800	4,512	66.9800	302,214
2020-05-25	CDLX	Evans David Thomas	700	67.4800	700	67.4800	47,236
2020-05-21	CDLX	Evans David Thomas	150	67.7712	150	67.7712	10,166
2020-03-09	CDLX	Evans David Thomas	5,046	44.4800	5,046	44.4800	224,446
2020-03-09	CDLX	Evans David Thomas	800	45.4600	800	45.4600	36,368
2019-11-26	CDLX	Evans David Thomas	14,741	55.8800	14,741	55.8800	823,727
2019-11-26	CDLX	Evans David Thomas	6,540	56.2000	6,540	56.2000	367,548
2018-12-11	CDLX	Evans David Thomas	14,047	13.3300	14,047	13.3300	187,247
2018-12-10	CDLX	Evans David Thomas	13,100	13.6900	13,100	13.6900	179,339
2018-08-17	CDLX	Evans David Thomas	1,198	20.6600	1,198	20.6600	24,751

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 David Thomas Evans as disclosed to the Securities Exchange Commission (SEC).