GuruFocus' Individual Insider Pages allows users to view information and trade data on company board directors and C-level employees.
Why track insider trades
Peter Lynch, the legendary manager of the Fidelity Magellan Fund in the 1980s, said that one can compare a company's stock price to an earnings line at 15 times earnings to determine if a stock is overvalued or undervalued.
The investor also said that while insiders may sell their shares for several reasons, they buy shares only when they believe their company's stock will rise.
GuruFocus Premium members can access a wide range of information on insider trades, including CEO buys, chief financial officer buys and stocks that have multiple insiders buying shares.
Company executive section of the Summary page gives information about
Figure 1 shows a sample "Executives" section from Apple Inc.'s (AAPL) summary page.
Figure 1
As Figure 1 illustrates, the Executives section shows a list of a company's C-suite officers and board of directors. The Transaction Date column shows the date of the insider's latest transaction in the stock.
Click on an insider's name to display the individual insider's page. Figure 2 illustrates a sample page of Apple CEO Tim Cook.
Figure 2
The Individual Insider pages contain the following sections: insider background, insider roles, buys and sells volume chart, holdings, trades and personal network. Figure 3 illustrates Cook's historical buys and sells volume chart while Figure 4 illustrates the CEO's holding weightings.
Figure 3
Figure 4
As Figure 4 illustrates, Cook has a slight holding in Nike Inc. (NKE) despite having nearly a 99% portfolio weight in Apple. The CEO of Apple also sits on Nike's board of directors.
You can also track insider statistics on a company
We also added an "Insider Statistics" section on a company's "Insider" tab. The section gives you the top insider transactions over the past 18 months and the number of shares bought and sold by insiders over a specific time frame. Figure 5 illustrates a sample "Insider Statistics" section for Apple.
Figure 5
The Insider tab also includes an Insider Buys and Sells Chart and an Insider Buys and Sells Volume Chart.
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Disclaimer: Only the transactions in Open Market or Private Sale at the market prices are included. Other transactions such as Conversion of derivative security or Exercise of Options are not included. Insiders are only limited to Officers and/or Directors of the company.
