Financial Engines FNGN two insiders bought this robo-advisor software company to the tune of $944.8 k at prices of $28.54 and $28.71. The company, founded by Nobel prize-winning William Share (Sharpe ratio), was near a 4 year low at the time of purchase 12-7-17. It only took 4 1/2 months for Financial Engines to find a buyer with Hellmand & Friedman purchasing the company for $45 per share in CASH. That’s a heft return for legal insider trading
In this report we examine stocks that C-level officers and directors bought and sold ending the week of September 22nd, 2017. Insiders sell stock for a variety of reasons but they generally buy for just one, to make money. We only look at material amounts of money, $100k or more, as anything less could be window dressing. The bar is different on selling as the natural state of management is to be sellers. Most companies provide significant amounts of their compensation packages as stock. Therefore we analyze selling for unusual patterns; such as insider selling 25% or more of … Read more