David A Preiser - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David A Preiser. 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 A Preiser 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 A Preiser. 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 HLI / Houlihan Lokey, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HLI / Houlihan Lokey, 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 HLI / Houlihan Lokey, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HLI / Houlihan Lokey, 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 (%)
2024-06-04	HLI	PREISER DAVID A	20,000	133.2100	20,000	133.2100	2,664,200	7	127.2900	-118,400	-4.44
2021-06-15	HLI	PREISER DAVID A	25,000	79.3900	25,000	79.3900	1,984,750
2020-03-31	HLI	PREISER DAVID A	6,600	48.0400	6,600	48.0400	317,064
2020-03-30	HLI	PREISER DAVID A	10,020	48.0100	10,020	48.0100	481,060
2020-03-27	HLI	PREISER DAVID A	380	48.3100	380	48.3100	18,358
2020-03-26	HLI	PREISER DAVID A	174	48.0300	174	48.0300	8,357
2020-03-25	HLI	PREISER DAVID A	501	48.0700	501	48.0700	24,083
2020-03-24	HLI	PREISER DAVID A	5,199	49.2600	5,199	49.2600	256,103
2020-03-23	HLI	PREISER DAVID A	7,126	48.4200	7,126	48.4200	345,041
2020-03-04	HLI	PREISER DAVID A	5,200	53.0500	5,200	53.0500	275,860
2020-03-03	HLI	PREISER DAVID A	19,800	53.0100	19,800	53.0100	1,049,598
2019-12-17	HLI	PREISER DAVID A	25,000	48.0000	25,000	48.0000	1,200,000
2018-03-15	HLI	PREISER DAVID A	8,888	46.7500	8,888	46.7500	415,514
2017-11-03	HLI	PREISER DAVID A	2,801	41.6250	2,801	41.6250	116,592
2017-10-30	HLI	PREISER DAVID A	39,215	41.6250	39,215	41.6250	1,632,324
2017-03-15	HLI	PREISER DAVID A	6,711	29.0500	6,711	29.0500	194,955
2017-02-14	HLI	PREISER DAVID A	44,740	29.2500	44,740	29.2500	1,308,645
2015-08-18	HLI	PREISER DAVID A	55,225	21.0000	55,225	21.0000	1,159,725

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