David E Smith - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of David E Smith. 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 E Smith 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 E Smith. 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 IPUB / indiePub Entertainment, Inc. - Short Term Profit Analysis

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

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in IPUB / indiePub Entertainment, 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 (%)
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 Purchases OTRKQ / Ontrak, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in IPUB / indiePub Entertainment, 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 (%)
2015-10-16	CATS	Smith David E	956,667	0.3000	956,667	0.3000	287,000	731
2014-05-27	CATS:OTC	Smith David E	344,828	0.5800	344,828	0.5800	200,000
2013-10-15	CATS:OTC	Smith David E	862,069	0.5800	862,069	0.5800	500,000
2013-04-10	CATS:OTC	Smith David E	3,257,143	0.0700	3,257,143	0.0700	228,000

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

Insider Sales OTRKQ / Ontrak, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in IPUB / indiePub Entertainment, 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 (%)
2020-02-19	CATS	Smith David E	71,852	18.8023	71,852	18.8023	1,350,983	33
2020-02-06	CATS	Smith David E	796	18.8437	796	18.8437	15,000
2020-02-05	CATS	Smith David E	25,256	18.7992	25,256	18.7992	474,793
2019-05-15	CATS	Smith David E	42,229	18.4450	42,229	18.4450	778,914
2019-05-14	CATS	Smith David E	10,000	18.2700	10,000	18.2700	182,700
2019-05-13	CATS	Smith David E	24,500	18.1441	24,500	18.1441	444,530
2019-05-10	CATS	Smith David E	500	18.2400	500	18.2400	9,120
2019-05-09	CATS	Smith David E	16,192	17.2600	16,192	17.2600	279,474
2019-05-08	CATS	Smith David E	27,893	17.1642	27,893	17.1642	478,761
2019-05-07	CATS	Smith David E	136,138	16.4175	136,138	16.4175	2,235,046
2019-04-29	CATS	Smith David E	5,023	15.9800	5,023	15.9800	80,268
2019-04-26	CATS	Smith David E	45,792	15.7588	45,792	15.7588	721,627
2019-04-25	CATS	Smith David E	76,789	15.2755	76,789	15.2755	1,172,990
2019-04-24	CATS	Smith David E	58,984	14.6091	58,984	14.6091	861,703
2019-04-11	CATS	Smith David E	99	13.8800	99	13.8800	1,374
2019-04-02	CATS	Smith David E	8,724	14.0500	8,724	14.0500	122,572
2019-04-02	CATS	Smith David E	23,090	14.0900	23,090	14.0900	325,338
2019-03-26	CATS	Smith David E	16,276	13.9200	16,276	13.9200	226,562
2019-03-26	CATS	Smith David E	10,439	13.8400	10,439	13.8400	144,476
2019-03-25	CATS	Smith David E	16,322	13.8000	16,322	13.8000	225,244
2019-03-22	CATS	Smith David E	100	13.9500	100	13.9500	1,395
2019-03-21	CATS	Smith David E	7,543	13.9500	7,543	13.9500	105,225
2019-03-19	CATS	Smith David E	5,176	14.1900	5,176	14.1900	73,447
2019-03-19	CATS	Smith David E	15,596	14.1915	15,596	14.1915	221,331
2019-03-19	CATS	Smith David E	12,355	14.1000	12,355	14.1000	174,206
2019-03-19	CATS	Smith David E	14,824	14.2346	14,824	14.2346	211,014
2019-03-18	CATS:OTC	Smith David E	16,470	14.1100	16,470	14.1100	232,392
2019-03-15	CATS:OTC	Smith David E	11,175	14.1900	11,175	14.1900	158,573

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 E Smith as disclosed to the Securities Exchange Commission (SEC).