undamentalytics Newsletter
Sign in

Lippert Keven K: insider trades

Officer at Viasat Inc. No open-market purchases and 34 sales not made under a pre-set plan, reported from November 18, 2010 to November 20, 2023.

What happened after Lippert Keven K’s sales?

After their sales, the shares moved −19.6% against the index over 12 months on average (a negative figure means selling was the right call); 65% 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 34 −0.9% −7.4% 65% 14 −0.57 0.58 No reliable evidence
Sales, 12 months after the report 34 −19.6% −14.5% 65% 14 −2.30 0.038 Some evidence: seller right
Sales, 12 months after the trade 34 −19.1% −15.5% 65% 14 −2.26 0.042 Some evidence: seller right

“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
Viasat Inc VSAT Executive Vice President034November 18, 2010November 20, 2023

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
November 20, 2023November 16, 2023 VSAT Sale $121,396 −19.9%−91.0%−94.9%
February 27, 2023February 24, 2023 VSAT Sale $86,481 +37.8%−68.5%−69.4%
February 22, 2023February 21, 2023 VSAT Sale $90,261 +29.3%−71.3%−67.6%
February 17, 2023February 15, 2023 VSAT Sale $94,500 +30.6%−67.6%−63.7%
December 6, 2022December 5, 2022 VSAT Sale $90,475 +16.0%−38.4%−44.4%
March 12, 2021March 11, 2021 VSAT Sale $167,070 −19.1%−23.6%−17.2%
February 19, 2021February 17, 2021 VSAT Sale $174,480 −22.2%−33.8%−39.8%
June 3, 2020June 1, 2020 VSAT Sale $25,866 −28.3%−16.0%−17.4%
November 22, 2019November 21, 2019 VSAT Sale $284,544 −17.8%−68.2%−69.1%
September 23, 2019September 20, 2019 VSAT Sale $776,948 −13.6%−67.1%−66.8%
February 19, 2019February 15, 2019 VSAT Sale $1,641,480 +15.6%−45.8%−45.8%
November 28, 2018November 27, 2018 VSAT Sale $277,600 +6.5%−9.7%−12.8%
August 30, 2018August 30, 2018 VSAT Sale $101,248 +14.7%+20.0%+21.1%
June 14, 2018June 12, 2018 VSAT Sale $249,240 −6.6%+29.1%+33.8%
March 7, 2018March 7, 2018 VSAT Sale $129,834 −14.2%0.0%+0.2%
November 29, 2017November 28, 2017 VSAT Sale $298,726 −7.9%−12.8%−11.0%
November 13, 2017November 13, 2017 VSAT Sale $83,040 −10.6%−11.6%−7.1%
June 13, 2016June 9, 2016 VSAT Sale $645,838 −0.8%−22.4%−19.9%
March 21, 2016March 17, 2016 VSAT Sale $99,207 −8.5%−31.0%−31.8%
February 25, 2016February 24, 2016 VSAT Sale $2,820,400 −10.7%−27.0%−29.1%
November 24, 2015November 20, 2015 VSAT Sale $190,991 +25.7%+13.6%+9.9%
May 27, 2015May 22, 2015 VSAT Sale $251,440 +2.7%+10.6%+16.0%
February 19, 2015February 18, 2015 VSAT Sale $390,000 −6.9%+12.5%+14.8%
February 17, 2015February 13, 2015 VSAT Sale $88,312 −2.4%+14.8%+19.0%
December 22, 2014December 19, 2014 VSAT Sale $123,800 −8.0%−5.7%−4.9%
June 23, 2014June 20, 2014 VSAT Sale $1,286,694 −3.9%+0.7%+0.2%
June 3, 2014June 2, 2014 VSAT Sale $106,920 +1.7%+6.4%+6.6%
March 19, 2014March 18, 2014 VSAT Sale $65,538 −26.2%−30.6%−27.7%
February 18, 2014February 14, 2014 VSAT Sale $182,993 −10.7%−12.9%−13.9%
June 4, 2013June 4, 2013 VSAT Sale $150,556 −7.9%−41.1%−43.3%
February 28, 2013February 27, 2013 VSAT Sale $46,810 +42.5%+19.9%+18.0%
December 12, 2012December 11, 2012 VSAT Sale $38,201 +13.6%+31.3%+30.4%
November 14, 2011November 11, 2011 VSAT Sale $59,436 −11.5%−35.5%−32.5%
November 18, 2010November 18, 2010 VSAT Sale $80,680 −11.3%+7.8%+9.3%

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 Lippert Keven K traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.