undamentalytics Newsletter
Sign in

Redetzke Darren L: insider trades

Officer at Toro Co. No open-market purchases and 16 sales not made under a pre-set plan, reported from December 13, 2010 to December 30, 2022.

What happened after Redetzke Darren L’s sales?

After their sales, the shares moved −3.2% against the index over 12 months on average (a negative figure means selling was the right call); 63% 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 16 −3.6% −2.0% 75% 11 −2.68 0.023 Some evidence: seller right
Sales, 12 months after the report 16 −3.2% −3.9% 63% 11 −1.11 0.29 No reliable evidence
Sales, 12 months after the trade 16 −2.8% −0.5% 50% 9 −0.33 0.75 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
Toro Co TTC VP, Strategic Technologies016December 13, 2010December 30, 2022

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
December 30, 2022December 28, 2022 TTC Sale $345,000 −14.6%−42.7%−42.0%
December 28, 2022December 27, 2022 TTC Sale $667,878 −9.0%−40.7%−41.2%
January 4, 2021December 30, 2020 TTC Sale $418,000 +2.0%−21.1%−23.2%
December 23, 2020December 21, 2020 TTC Sale $837,986 +2.6%−23.5%−23.6%
September 16, 2020September 15, 2020 TTC Sale $711,018 −1.0%−10.6%−7.4%
September 10, 2020September 8, 2020 TTC Sale $3,481,382 +0.4%−5.0%−1.1%
February 27, 2019February 26, 2019 TTC Sale $1,103,200 −4.4%−2.8%+0.1%
June 29, 2018June 28, 2018 TTC Sale $300,000 −10.3%−1.6%+0.7%
June 15, 2017June 13, 2017 TTC Sale $568,000 −19.1%−29.9%−26.9%
March 24, 2016March 23, 2016 TTC Sale $830,400 −2.4%+23.1%+25.7%
March 24, 2015March 23, 2015 TTC Sale $279,303 −2.2%+26.4%+25.4%
March 20, 2015March 18, 2015 TTC Sale $136,280 −1.8%+25.4%+27.3%
December 26, 2012December 24, 2012 TTC Sale $312,375 −0.6%+19.9%+18.6%
December 20, 2012December 19, 2012 TTC Sale $1,021,527 −0.5%+18.2%+14.0%
October 1, 2012September 28, 2012 TTC Sale $307,398 +8.7%+20.2%+19.7%
December 13, 2010December 9, 2010 TTC Sale $447,005 −5.1%−6.3%−10.8%

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 Redetzke Darren L traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.