undamentalytics Newsletter
Sign in

Brandt Christopher W: insider trades

Officer at 2 companies we cover. No open-market purchases and 12 sales not made under a pre-set plan, reported from November 22, 2017 to November 14, 2024.

What happened after Brandt Christopher W’s sales?

After their sales, the shares moved −5.4% against the index over 12 months on average (a negative figure means selling was the right call); 67% 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 −4.2% −7.3% 58% 5 −0.63 0.56 No reliable evidence
Sales, 12 months after the report 12 −5.4% −3.5% 67% 5 −0.39 0.71 No reliable evidence
Sales, 12 months after the trade 12 −5.0% −2.7% 67% 5 −0.30 0.78 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
Chipotle Mexican Grill CMG Chief Brand Officer011April 30, 2021November 14, 2024
Bloomin' Brands, Inc. BLMN EVP & Chief Brand Officer01November 22, 2017November 22, 2017

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 14, 2024November 12, 2024 CMG Sale $1,200,200 −14.1%−61.6%−61.7%
April 29, 2024April 26, 2024 CMG Sale $3,156,281 −24.1%−32.7%−31.2%
November 13, 2023November 10, 2023 CMG Sale $1,186,656 +8.5%+4.3%+5.3%
May 2, 2023May 1, 2023 CMG Sale $5,054,399 −17.0%+26.2%+31.7%
December 14, 2022December 12, 2022 CMG Sale $464,700 +6.3%+30.9%+30.1%
August 1, 2022July 28, 2022 CMG Sale $2,304,060 +1.6%+12.3%+12.9%
September 3, 2021September 3, 2021 CMG Sale $3,005,432 −16.3%−0.7%−2.3%
August 6, 2021August 4, 2021 CMG Sale $2,998,800 −10.6%−6.9%−12.3%
August 3, 2021July 30, 2021 CMG Sale $2,872,240 −10.8%−12.3%−11.4%
July 23, 2021July 22, 2021 CMG Sale $4,726,292 −3.9%−17.0%−17.1%
April 30, 2021April 28, 2021 CMG Sale $4,111,445 +21.8%−1.1%−1.3%
November 22, 2017November 21, 2017 BLMN Sale $511,750 +8.5%−5.8%−3.1%

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 Brandt Christopher W traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.