undamentalytics Newsletter
Sign in

Sinha Awadhesh K: insider trades

Officer at Steven Madden, LTD. No open-market purchases and 14 sales not made under a pre-set plan, reported from September 22, 2010 to May 28, 2021.

What happened after Sinha Awadhesh K’s sales?

After their sales, the shares moved −5.5% against the index over 12 months on average (a negative figure means selling was the right call); 64% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 14 −4.3% −5.5% 64% 9 −1.16 0.28 No reliable evidence
Sales, 12 months after the report 14 −5.5% −4.8% 64% 9 −1.20 0.26 No reliable evidence
Sales, 12 months after the trade 14 −8.0% −4.6% 64% 9 −1.23 0.26 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Steven Madden, LTD. SHOO Chief Operating Officer014September 22, 2010May 28, 2021

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
May 28, 2021November 1, 2019 SHOO Sale $1,486,299 −8.8%−8.3%−50.8%
May 11, 2021May 7, 2021 SHOO Sale $871,694 +1.5%−2.1%−4.1%
November 5, 2019November 1, 2019 SHOO Sale $614,606 −20.3%−54.9%−50.8%
August 16, 2018August 14, 2018 SHOO Sale $230,000 −11.2%−22.1%−24.3%
December 19, 2017December 18, 2017 SHOO Sale $292,663 −3.7%+3.4%+4.5%
June 14, 2017June 12, 2017 SHOO Sale $420,000 +3.9%+22.3%+20.6%
November 14, 2016November 10, 2016 SHOO Sale $732,000 −14.4%−19.9%−19.5%
November 21, 2014November 20, 2014 SHOO Sale $990,000 +5.6%−6.5%−5.1%
December 5, 2012December 3, 2012 SHOO Sale $790,300 −7.4%−3.2%−1.7%
March 2, 2012February 29, 2012 SHOO Sale $517,975 −5.3%−13.1%−12.7%
February 29, 2012February 27, 2012 SHOO Sale $951,562 −5.7%−15.4%−11.3%
December 13, 2011December 9, 2011 SHOO Sale $1,341,447 +17.0%+9.5%+0.9%
November 23, 2010November 19, 2010 SHOO Sale $1,075,500 −15.6%+7.4%+13.2%
September 22, 2010September 20, 2010 SHOO Sale $886,868 +4.3%+26.2%+29.0%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Sinha Awadhesh K traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.