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Kelly David M: insider trades

Chief financial officer, Officer at Kforce Inc. No open-market purchases and 29 sales not made under a pre-set plan, reported from February 17, 2010 to August 5, 2024.

What happened after Kelly David M’s sales?

After their sales, the shares moved −4.5% against the index over 12 months on average (a negative figure means selling was the right call); 62% 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 29 −1.3% −2.1% 55% 14 −0.03 0.97 No reliable evidence
Sales, 12 months after the report 29 −4.5% −6.1% 62% 14 −0.33 0.74 No reliable evidence
Sales, 12 months after the trade 29 −4.0% −4.6% 66% 14 −0.27 0.79 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
Kforce Inc KFRC Chief Operating Officer029February 17, 2010August 5, 2024

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
August 5, 2024August 2, 2024 KFRC Sale $394,500 −18.1%−71.8%−69.0%
December 13, 2023December 11, 2023 KFRC Sale $350,000 −9.3%−42.4%−44.8%
May 22, 2023May 18, 2023 KFRC Sale $338,804 −7.6%−24.9%−13.7%
May 17, 2023May 15, 2023 KFRC Sale $729,060 +1.2%−13.7%−12.1%
March 31, 2022March 29, 2022 KFRC Sale $377,200 −2.2%−6.1%−4.6%
March 10, 2022March 9, 2022 KFRC Sale $29,190 +4.6%−0.4%−1.5%
May 18, 2021May 17, 2021 KFRC Sale $1,305,480 −9.1%+20.3%+21.0%
February 12, 2021February 11, 2021 KFRC Sale $712,050 +24.4%+43.3%+38.6%
August 17, 2020August 13, 2020 KFRC Sale $462,924 +5.1%+29.1%+31.9%
November 12, 2019November 8, 2019 KFRC Sale $337,872 −23.8%−14.1%−17.4%
November 7, 2019November 6, 2019 KFRC Sale $74,700 −25.5%−17.4%−23.2%
September 5, 2019September 5, 2019 KFRC Sale $164,050 +16.4%−9.1%−12.2%
May 7, 2019May 3, 2019 KFRC Sale $536,500 −5.2%−16.5%−13.9%
November 8, 2018November 7, 2018 KFRC Sale $65,320 +18.4%+19.4%+14.9%
November 7, 2017November 6, 2017 KFRC Sale $360,750 +0.7%+26.8%+28.4%
March 10, 2017March 10, 2017 KFRC Sale $306,625 −26.6%+1.4%−0.8%
November 14, 2016November 9, 2016 KFRC Sale $211,916 +22.7%+7.6%+18.5%
November 8, 2016November 4, 2016 KFRC Sale $44,344 +31.5%+18.5%+24.2%
November 17, 2015November 13, 2015 KFRC Sale $52,700 −34.5%−34.6%−35.0%
May 15, 2015May 13, 2015 KFRC Sale $110,100 +29.3%−16.7%−17.2%
February 17, 2015February 13, 2015 KFRC Sale $231,700 −6.6%−24.8%−23.3%
November 6, 2014November 5, 2014 KFRC Sale $115,300 +3.5%+13.0%+15.2%
April 1, 2014March 31, 2014 KFRC Sale $84,000 −3.4%−7.0%−5.9%
February 26, 2014February 25, 2014 KFRC Sale $207,300 −1.7%−5.0%−1.0%
August 6, 2013August 5, 2013 KFRC Sale $85,250 +15.6%−4.2%−4.4%
February 20, 2013February 19, 2013 KFRC Sale $148,500 −8.5%+21.5%+17.9%
May 21, 2012May 17, 2012 KFRC Sale $53,737 −18.2%−14.9%−17.6%
May 9, 2012May 8, 2012 KFRC Sale $203,685 −12.2%−15.2%−11.3%
February 17, 2010February 16, 2010 KFRC Sale $73,594 +1.1%+6.5%+3.7%

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 Kelly David M traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.