What is an insider-trade signal?
An insider-trade signal is a scored event derived from SEC Form 3/4/5 filings — when a company officer, director, or 10% owner buys or sells that company’s stock. It captures who traded, the dollar size, and whether several insiders moved together.
Insider buying leans bullish and insider selling leans bearish, weighted by the dollar value of the transaction and whether multiple insiders traded the same way in a short window (a cluster). A single routine sale under a pre-set plan carries far less weight than several officers buying at once.
Where the data comes from
Every insider-trade signal is parsed directly from an SEC EDGAR Form 4 (and Forms 3 and 5) — the filing an insider must submit, generally within two business days of the trade. QuantConomy extracts the issuer, the insider and their role, the transaction type, and the dollar value, then scores it.
Why clusters matter
One insider selling is noise; four officers buying the same week is a pattern. The platform detects cluster buys and cluster sells across a company’s recent filings and scores them higher, because coordinated insider activity has historically been more informative than a single routine transaction.
Recent examples
Live insider-trade signals from the platform, newest first. Each links to the company.
| Asset | Direction | Strength | What happened | When |
|---|---|---|---|---|
| RSKD RISKIFIED LTD | bearish | 31 | Cluster selling detected: 4 insider trades for RSKD worth $1.41M total - 64,349 shares - [very weak bearish signal] | 2026-07-10 |
| OKTA Okta Inc | slightly bearish | 33 | McKinnon Todd sold OKTA shares ($1.85M) - 12,695 shares - [very weak slightly bearish signal] | 2026-07-10 |
| PBF PBF Energy Inc | bearish | 48 | Control Empresarial de Capitales S.A. de C.V. (10% Owner) sold PBF shares ($19.87M) - 380,000 shares - [weak bearish signal] | 2026-07-10 |
| BB BLACKBERRY Ltd | slightly bearish | 33 | GIAMATTEO JOHN JOSEPH sold BB shares ($1.38M) - 125,000 shares - [very weak slightly bearish signal] | 2026-07-10 |
| EVER EverQuote Inc | bearish | 45 | Cluster selling detected: 4 insider trades for EVER worth $0.24M total - 6,667 shares - [weak bearish signal] | 2026-07-10 |
| NUVL Nuvalent Inc | bearish | 34 | Pelish Henry E. (Chief Scientific Officer) sold NUVL shares ($0.26M) - 2,111 shares - [very weak bearish signal] | 2026-07-10 |
See these in context in the daily market digest . Market context, not advice.
Frequently asked
- Is insider buying always bullish?
- Not always — but insiders tend to buy their own stock for one reason (they expect it to rise) and sell for many (taxes, diversification, pre-set plans). That asymmetry is why cluster buying is weighted as a stronger signal than isolated selling.
- How fast do these signals appear?
- Insiders must file Form 4 within about two business days of a trade, and QuantConomy scores each filing shortly after it hits EDGAR, so signals appear within roughly a day of the disclosure.
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