Stark Juergen M. - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Stark Juergen M.. 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 Stark Juergen M. 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 Stark Juergen M.. 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 TBCH / Turtle Beach Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in TBCH / Turtle Beach Corporation. 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 (%)
2020-03-13	HEAR	Stark Juergen M.	3,545	5.1300	3,545	5.1300	18,186	336	34.1	102,700	564.75
2020-03-12	HEAR	Stark Juergen M.	8,455	5.1500	8,455	5.1500	43,543
2019-06-10	HEAR	Stark Juergen M.	10,500	9.7800	10,500	9.7800	102,690
2017-11-16	HEAR	Stark Juergen M.	83,333	0.5400	20,833	2.1600	45,000
2016-02-05	HEAR	Stark Juergen M.	150,000	1.0000	37,500	4.0000	150,000
2015-08-11	HEAR	Stark Juergen M.	46,500	2.1500	11,625	8.6000	99,975
2014-05-14	HEAR	Stark Juergen M.	40,000	8.7700	10,000	35.0800	350,800

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

Insider Sales TBCH / Turtle Beach Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in TBCH / Turtle Beach Corporation. 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 (%)
2023-05-15	HEAR	Stark Juergen M.	18,500	10.6200	18,500	10.6200	196,470	165	8.0200	-48,100	-24.48
2023-05-12	HEAR	Stark Juergen M.	17,500	10.8700	17,500	10.8700	190,225
2023-05-11	HEAR	Stark Juergen M.	46,000	11.0600	46,000	11.0600	508,760
2023-05-10	HEAR	Stark Juergen M.	44,000	11.2300	44,000	11.2300	494,120
2023-05-09	HEAR	Stark Juergen M.	49,000	11.1200	49,000	11.1200	544,880
2021-02-17	HEAR	Stark Juergen M.	15,912	32.4000	15,912	32.4000	515,549
2021-02-17	HEAR	Stark Juergen M.	20,000	32.6600	20,000	32.6600	653,200
2021-02-17	HEAR	Stark Juergen M.	6,219	32.4000	6,219	32.4000	201,496
2021-02-16	HEAR	Stark Juergen M.	50,000	34.2600	50,000	34.2600	1,713,000
2021-02-16	HEAR	Stark Juergen M.	20,000	34.7000	20,000	34.7000	694,000
2020-12-31	HEAR	Stark Juergen M.	30,000	21.8000	30,000	21.8000	654,000
2020-12-30	HEAR	Stark Juergen M.	30,000	22.3900	30,000	22.3900	671,700
2020-12-29	HEAR	Stark Juergen M.	40,000	22.9800	40,000	22.9800	919,200
2020-11-17	HEAR	Stark Juergen M.	46,310	17.7900	46,310	17.7900	823,855
2020-11-16	HEAR	Stark Juergen M.	60,000	17.7400	60,000	17.7400	1,064,400
2020-09-18	HEAR	Stark Juergen M.	4,000	17.6500	4,000	17.6500	70,600
2020-09-18	HEAR	Stark Juergen M.	33,629	17.8000	33,629	17.8000	598,596
2020-09-17	HEAR	Stark Juergen M.	56,000	17.3800	56,000	17.3800	973,280
2020-09-16	HEAR	Stark Juergen M.	27,319	17.6300	27,319	17.6300	481,634
2020-09-16	HEAR	Stark Juergen M.	40,000	17.8000	40,000	17.8000	712,000
2018-09-26	HEAR	Stark Juergen M.	6,312	19.7000	6,312	19.7000	124,346
2018-08-16	HEAR	Stark Juergen M.	50,000	25.2200	50,000	25.2200	1,261,000
2018-08-10	HEAR	Stark Juergen M.	17,906	29.6500	17,906	29.6500	530,913
2018-08-10	HEAR	Stark Juergen M.	17,094	29.3000	17,094	29.3000	500,854
2018-08-09	HEAR	Stark Juergen M.	20,113	29.3100	20,113	29.3100	589,512
2018-08-09	HEAR	Stark Juergen M.	9,887	28.8400	9,887	28.8400	285,141
2018-08-08	HEAR	Stark Juergen M.	29,413	29.4500	29,413	29.4500	866,213
2018-08-08	HEAR	Stark Juergen M.	5,587	28.7800	5,587	28.7800	160,794

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 Stark Juergen M. as disclosed to the Securities Exchange Commission (SEC).