4 ms·

It sure seems like every time bad news breaks about a company, there's an accompanying well-timed stock sale from an insider with a convenient excuse.

• mulmen 6y ago
  Funny how the human mind works. 1) Is $286m a lot? 2) How many insiders are there and what is normal behavior for them? 3) Are these well-timed sales abnormal or are we only looking because of the headlines? A quick read of this story doesn't seem to answer these questions.
  • Sebguer 6y ago
    Their market cap today is ~5.6B at $18 a share. Jumping back to December 7, they were worth $23, so ~7.3B market cap. So, close to 4% of outstanding shares.
    • 0goel0 6y ago
      Outstanding is a bad metric. "Float" is a better one. SWI has 53 million floating shares, resulting in 53m*23= $1.2 billion today. So a quarter of float traded. That is crazy movement.
      • Sebguer 6y ago
        Agreed this metric is better, but the article also notes that these two firms own 70% of SolarWinds so any meaningful sale would be large by this measure I think?
• rtx 6y ago
  Many times its just the stop loss being triggered.