undamentalytics Newsletter
Sign in

Montone William T.: insider trades

Officer at Azenta, Inc. No open-market purchases and 15 sales not made under a pre-set plan, reported from March 11, 2013 to November 20, 2020.

What happened after Montone William T.’s sales?

After their sales, the shares moved +30.9% against the index over 12 months on average (a negative figure means selling was the right call); 33% 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 15 +1.5% +1.4% 47% 8 −0.03 0.98 No reliable evidence
Sales, 12 months after the report 15 +30.9% +37.3% 33% 8 1.91 0.099 No reliable evidence
Sales, 12 months after the trade 15 +31.2% +27.6% 40% 8 1.73 0.13 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
Azenta, Inc. AZTA SVP, Human Resources015March 11, 2013November 20, 2020

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, 2020November 18, 2020 AZTA Sale $382,632 +9.3%+37.3%+42.3%
June 4, 2020June 3, 2020 AZTA Sale $212,800 +3.2%+94.2%+95.6%
November 22, 2019November 20, 2019 AZTA Sale $1,621,308 −19.6%+38.5%+35.8%
November 20, 2018November 16, 2018 AZTA Sale $38,225 +26.6%+57.6%+42.7%
November 14, 2018November 12, 2018 AZTA Sale $640,375 +12.7%+38.9%+51.1%
November 7, 2018November 5, 2018 AZTA Sale $32,586 +1.4%+42.4%+26.9%
May 8, 2018May 7, 2018 AZTA Sale $59,452 −5.5%+24.0%+27.6%
November 20, 2017November 16, 2017 AZTA Sale $26,126 −12.1%−17.1%−0.9%
November 13, 2017November 9, 2017 AZTA Sale $147,289 −7.6%+0.6%−4.3%
November 8, 2017November 6, 2017 AZTA Sale $76,287 −18.2%−4.3%−11.6%
November 21, 2016November 16, 2016 AZTA Sale $186,134 +25.3%+53.2%+59.9%
June 10, 2016June 6, 2016 AZTA Sale $34,590 +5.8%+119.0%+133.1%
May 19, 2015May 18, 2015 AZTA Sale $57,550 −4.5%−9.7%−15.6%
September 10, 2014September 9, 2014 AZTA Sale $33,240 +8.2%−2.0%−2.1%
March 11, 2013March 8, 2013 AZTA Sale $57,969 −2.9%−9.3%−12.4%

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 Montone William T. traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.