Shutterstock, Inc. insider trading
Every open-market purchase and sale by Shutterstock, Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.
| Date | Insider | Trade | Shares | Price | Value | 1M after | 3M after | 6M after |
|---|
Does following Shutterstock, Inc.’s insiders pay?
From September 27, 2013 to May 28, 2024, 16 insiders reported 5 open-market purchases and 28 sales not made under a pre-set plan in Shutterstock, Inc. Twelve months after each purchase was reported, the shares were −6.0% against the S&P 500 on average (median −26.5%), over 5 purchases with a full year of prices; 40% beat the index. After sales, the shares moved −15.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on August 28, 2015 into $9,385 by November 2, 2026, −0.6% a year. It held shares 27% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $17,786 (+5.3% a year), and held throughout $45,644 (+14.6%).
| Insider | Role | Purchases | 12 months after their purchases | Beat the S&P 500 | Sales | 12 months after their sales | Latest report |
|---|---|---|---|---|---|---|---|
| Oringer Jonathan | Chief Executive Officer | 2 | +62.8% (2) | 100% | 2 | +29.7% (2) | August 17, 2020 |
| Yahes Jarrod | CHIEF FINANCIAL OFFICER | 1 | −64.6% (1) | 0% | 3 | −30.1% (3) | May 28, 2024 |
| Berns Steven | COO and CFO | 0 | — | — | 3 | −19.3% (3) | March 7, 2017 |
| Evans Thomas R | Director | 0 | — | — | 3 | −29.3% (3) | November 9, 2021 |
| Silvio Peter | Chief Technology Officer | 0 | — | — | 3 | −27.0% (3) | September 16, 2021 |
| Bigley Deirdre Mary | Director | 0 | — | — | 2 | +14.9% (2) | February 18, 2021 |
| Ciardiello Steven | Chief Accounting Officer | 0 | — | — | 2 | −38.4% (2) | February 23, 2023 |
| Flynn Nicholas | SVP Enterprise Sales | 0 | — | — | 2 | +22.7% (2) | September 10, 2015 |
| Hennessy Paul J. | CHIEF EXECUTIVE OFFICER | 2 | −45.5% (2) | 0% | 0 | — | May 28, 2024 |
| Ulrich Catherine | Chief Product Officer | 0 | — | — | 2 | −4.7% (2) | March 15, 2016 |
| Bixby Timothy E | Chief Financial Officer | 0 | — | — | 1 | −37.0% (1) | March 6, 2015 |
| Brodbeck Martin | Chief Technology Officer | 0 | — | — | 1 | −36.4% (1) | August 17, 2018 |
| Chou James | Chief Technology Officer | 0 | — | — | 1 | −59.0% (1) | February 27, 2014 |
| Insight Venture Partners Cayman V L P | 10% owner | 0 | — | — | 1 | −21.4% (1) | September 27, 2013 |
| Pavlovsky Stan | Chief Executive Officer | 0 | — | — | 1 | −11.5% (1) | March 12, 2021 |
| Weiser Jeffrey Kane | Chief Marketing Officer | 0 | — | — | 1 | −5.1% (1) | November 8, 2017 |
When several insiders traded Shutterstock, Inc.
Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Shutterstock, Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 1 buying crowd with six months of prices, it averaged −35.6% against the index. After 1 selling crowd, +18.6%. One company's history is too short to judge by; the test across every company is the better guide.
| Month | Crowd | 3 months on, vs S&P 500 | 6 months | 12 months |
|---|---|---|---|---|
| May 31, 2024 | 2 buying | −18.1% | −35.6% | −67.8% |
| March 31, 2021 | 4 selling | +2.1% | +18.6% | −9.2% |