Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

Introduction

This page provides a comprehensive analysis of the known insider trading history of Paul Andrew Zuber. 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

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Paul Andrew Zuber has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HLI / Houlihan Lokey, Inc. Director 6,208
US:MLNK / MeridianLink, Inc. Director 30,019
US:DT / Dynatrace, Inc. Director 500
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Paul Andrew Zuber. 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.

HLI / Houlihan Lokey, Inc. Insider Trades
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 (%)
2022-02-25 HLI ZUBER PAUL ANDREW 2,000 103.4000 2,000 103.4000 206,800 139 75.0300 -56,740 -27.44
2022-02-14 HLI ZUBER PAUL ANDREW 1,000 109.9100 1,000 109.9100 109,910

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

HLI / Houlihan Lokey, Inc. Insider Trades
Insider Purchases MLNK / MeridianLink, 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.

MLNK / MeridianLink, Inc. Insider Trades
Insider Sales MLNK / MeridianLink, 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 (%)
2021-07-30 MLNK ZUBER PAUL ANDREW 28,000 24.6324 28,000 24.6324 689,707 285 14.1800 -292,667 -42.43

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

MLNK / MeridianLink, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Paul Andrew Zuber as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-05-23 2025-05-22 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 563 6,208 9.97
2024-05-24 2024-05-23 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 739 5,645 15.06
2023-06-09 2023-06-08 4 MLNK MeridianLink, Inc.
Common Stock, par value $0.001 		A - Award 9,886 30,019 49.10
2023-05-25 2023-05-24 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 1,013 4,906 26.02
2022-06-10 2022-06-09 4 MLNK MeridianLink, Inc.
Common Stock, par value $0.001 		A - Award 8,595 20,133 74.49
2022-05-31 2022-05-27 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 1,064 3,893 37.61
2022-03-01 2022-02-25 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -2,500 500 -83.33 43.83 -109,575 21,915
2022-02-28 2022-02-25 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -2,000 2,829 -41.42 103.40 -206,800 292,519
2022-02-16 2022-02-14 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,000 4,829 -17.16 109.91 -109,910 530,755
2021-12-03 2021-12-01 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -97 3,010 -3.12 63.50 -6,160 191,147
2021-12-03 2021-12-01 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -1,712 3,107 -35.53 62.67 -107,286 194,706
2021-12-03 2021-12-01 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -630 4,819 -11.56 61.32 -38,633 295,516
2021-12-03 2021-12-01 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -1,207 5,449 -18.13 60.23 -72,693 328,172
2021-12-03 2021-12-01 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -1,354 6,656 -16.90 58.58 -79,317 389,908
2021-08-30 2021-08-26 4 DT Dynatrace, Inc.
Common Stock 		A - Award 3,010 8,010 60.20
2021-08-02 2021-07-30 4 MLNK MeridianLink, Inc.
Common Stock, par value $0.001 		S - Sale -28,000 258,673 -9.77 24.63 -689,707 6,371,737
2021-07-29 2021-07-27 4 MLNK MeridianLink, Inc.
Common Stock, par value $0.001 		A - Award 11,538 11,538
2021-07-27 3 MLNK MeridianLink, Inc.
Common Stock, par value $0.001 		286,673
2021-05-28 2021-05-26 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 1,195 1,981 152.04
2021-02-22 2021-02-18 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -5,718 3,000 -65.59 52.10 -297,908 156,300
2021-02-22 2021-02-18 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -1,994 8,718 -18.61 51.20 -102,090 446,349
2021-01-20 2021-01-19 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -7,400 10,712 -40.86 43.71 -323,458 468,228
2020-12-22 2020-12-18 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -7,400 18,112 -29.01 44.16 -326,783 799,824
2020-11-12 2020-11-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -314 30,512 -1.02 35.10 -11,021 1,070,944
2020-11-12 2020-11-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -7,086 30,826 -18.69 34.47 -244,278 1,062,674
2020-10-13 2020-10-12 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -7,400 37,912 -16.33 43.53 -322,106 1,650,226
2020-09-11 2020-09-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -3,058 45,312 -6.32 40.61 -124,174 1,839,948
2020-09-11 2020-09-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -4,342 48,370 -8.24 40.10 -174,102 1,939,502
2020-08-27 2020-08-25 4 DT Dynatrace, Inc.
Common Stock 		A - Award 5,000 52,712 10.48
2020-08-19 2020-08-17 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -8,522 47,712 -15.15 37.87 -322,714 1,806,772
2020-08-19 2020-08-17 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -978 56,234 -1.71 37.09 -36,271 2,085,562
2020-08-11 2020-08-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -296 57,212 -0.51 38.11 -11,281 2,180,349
2020-08-11 2020-08-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -2,488 57,508 -4.15 36.88 -91,769 2,121,165
2020-08-11 2020-08-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -4,616 59,996 -7.14 36.16 -166,906 2,169,341
2020-08-06 2020-07-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift 3,062 3,062
2020-08-06 2020-07-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -3,062 1,572 -66.08
2020-07-13 2020-07-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -22 64,612 -0.03 44.41 -977 2,869,419
2020-07-13 2020-07-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -1,806 64,634 -2.72 43.54 -78,637 2,814,294
2020-07-13 2020-07-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -5,572 66,440 -7.74 42.95 -239,324 2,853,678
2020-06-11 2020-06-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -2,175 72,012 -2.93 38.45 -83,620 2,768,588
2020-06-11 2020-06-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -5,225 74,187 -6.58 37.79 -197,462 2,803,660
2020-06-01 2020-05-28 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 1,443 4,634 45.22
2020-05-12 2020-05-11 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -499 79,412 -0.62 33.89 -16,913 2,691,495
2020-05-12 2020-05-11 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -4,287 79,911 -5.09 33.43 -143,307 2,671,289
2020-05-12 2020-05-11 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -2,614 84,198 -3.01 32.32 -84,494 2,721,574
2020-04-15 2020-04-14 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -7,400 86,812 -7.85 25.00 -185,000 2,170,300
2020-03-12 2020-03-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -2,758 94,212 -2.84 26.74 -73,736 2,518,786
2020-03-12 2020-03-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale X -4,642 96,970 -4.57 25.98 -120,594 2,519,164
2019-12-11 2019-12-10 4 DT Dynatrace, Inc.
Common Stock 		S - Sale -11,290 101,612 -10.00 24.01 -271,045 2,439,450
2019-08-02 2019-07-31 4 DT Dynatrace, Inc.
Common Stock, par value $0.001 per share 		A - Award 12,500 112,902 12.45
2019-07-31 3 DT Dynatrace, Inc.
Common Stock 		200,804
2019-07-31 3 DT Dynatrace, Inc.
Common Stock 		200,804
2019-07-31 3 DT Dynatrace, Inc.
Common Stock 		200,804
2019-05-16 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 833 3,191 35.33
2018-10-30 2018-10-18 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		A - Award 2,358 2,358
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)