undamentalytics Newsletter
Sign in

Gs Investment Strategies, LLC: insider trades

10% owner at 3 companies we cover. No open-market purchases and 14 sales not made under a pre-set plan, reported from May 17, 2012 to February 12, 2024.

What happened after Gs Investment Strategies, LLC’s sales?

After their sales, the shares moved −67.6% against the index over 12 months on average (a negative figure means selling was the right call); 92% 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 12 −45.2% −52.8% 92% 3 — — Not enough years
Sales, 12 months after the report 12 −67.6% −79.7% 92% 3 — — Not enough years
Sales, 12 months after the trade 11 −66.9% −79.5% 91% 2 — — Not enough years

“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
Thredup Inc. TDUP —012August 2, 2021February 12, 2024
Meta Platforms META —01May 17, 2012May 17, 2012
James River Group Holdings, Inc. JRVR —01December 19, 2014December 19, 2014

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
February 12, 2024February 9, 2024 TDUP Sale $41,400 not yetnot yetnot yet
February 2, 2024January 31, 2024 TDUP Sale $91,406 not yetnot yetnot yet
December 1, 2021November 29, 2021 TDUP Sale $1,523,475 −49.6%−80.9%−79.4%
November 24, 2021November 23, 2021 TDUP Sale $331,118 −47.1%−80.0%−80.3%
November 22, 2021November 18, 2021 TDUP Sale $2,685,236 −48.0%−80.3%−79.5%
November 17, 2021November 15, 2021 TDUP Sale $2,616,000 −51.5%−79.5%−81.0%
November 12, 2021November 10, 2021 TDUP Sale $2,892,271 −54.2%−81.0%−82.4%
November 9, 2021November 5, 2021 TDUP Sale $2,053,504 −54.1%−82.4%−76.5%
November 4, 2021November 2, 2021 TDUP Sale $1,308,695 −56.1%−76.5%−77.5%
November 1, 2021October 28, 2021 TDUP Sale $1,094,646 −59.5%−77.5%−80.4%
October 25, 2021October 21, 2021 TDUP Sale $25,668,000 −58.9%−79.5%−77.7%
August 2, 2021August 2, 2021 TDUP Sale $25,008,168 −7.0%−83.8%−84.3%
December 19, 2014December 17, 2014 JRVR Sale $93,765,000 +3.8%+55.5%+62.8%
May 17, 2012May 17, 2012 META Sale $717,090,324 −60.3%−64.9%not yet

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 Gs Investment Strategies, LLC traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.