Historically, medium-priority insider buys have outperformed the S&P 500 by a median ~1% over the 30 days after filing — the edge is concentrated in that first month (n ≈ 7,520, 2022-2026). Past results don't predict the future. How we measure this ↗
Director David Landman buys 23,529 shares of NOTV at $4.25 on 2024-12-19; stock now $3.94 (-64.3% from 52-week high) amid cluster buying and unprofitability.
Director David Landman purchased 23,529 shares for $99,998.25 on 2024-12-19, increasing holdings by 15.3% to 176,851 shares total. This purchase occurred as part of a cluster pattern with 2 other insiders buying within the past 14 days, which may reflect coordinated reassessment of valuation. However, the company context complicates any confidence signal: annual revenue declined 14.3% year-over-year, net income was $-26.1M in the latest quarter, and full-year net income was negative. The stock is trading 64.3% below its 52-week high at $3.94, though it has recovered 9.8% over 30 days and 157.5% over 90 days from deeper lows. Without prior same-ticker outcomes to establish Landman's historical accuracy at NOTV (his prior trade here on 2024-12-06 is not yet measurable), the significance of this purchase rests on the cluster activity and valuation context rather than a demonstrated track record at this ticker.
COO Beattie buys 30,000 NOTV shares at $4.75; 90-day track record 100% win rate, cluster of 3 other insider buys in 14 days
John Gregory Beattie, Chief Operating Officer, purchased 30,000 shares at $4.75 on 2024-12-10, increasing his holdings by 22.8% to 161,761 shares total. This buy follows a strong 90-day price momentum (+203.5%) and aligns with a cluster buy pattern: 3 other insiders purchased within the past 14 days. Beattie's cross-ticker track record shows 1 prior open-market buy with a 100% win rate at the 90-day mark and +165.1% average 90d return; his same-ticker history at NOTV (one prior buy on 2023-12-14) also posted +165.1% in 90 days. However, the company fundamentals are weak: annual revenue declined 14.3% and net income was negative $26.1M over the latest fiscal year, with current market cap only $122.8M. The coincident cluster activity signals synchronized insider conviction, though the timing follows sharp near-term gains and faces headwinds from negative profitability and revenue contraction.
Director Brown Nigel bought 7,500 NOTV shares at $4.26 on 2024-12-10; 3 other insiders also bought within 14 days amid -14.3% revenue decline and $-26.1M net loss.
Brown Nigel, a director, purchased 7,500 shares of Inotiv at $4.26 on 2024-12-10, expanding his stake by 12.9% to 65.5K shares. This transaction occurs within a cluster pattern—3 other insiders also purchased within the past 14 days—suggesting coordinated conviction among the board. The timing is notable against the company's deteriorating fundamentals: full-year net income was negative at $-26.1M, annual revenue contracted 14.3%, and the current stock price of $4.84 remains 56.2% below its 52-week high of $11.04. While the stock has rebounded sharply (+239.6% over 90 days and +61.3% over 30 days from depressed levels), the company remains unprofitable with a market cap of $125.9M and quarterly revenue of $105.8M. The convergence of insider buying activity during financial distress warrants scrutiny into whether these purchases reflect fundamental opportunism or are driven by other considerations.
Director David Landman purchased 100,000 shares of NOTV at $4.14 on 2024-12-06; 3 other insiders bought within 14 days as stock rebounds +61.3% in 30 days.
Director David Landman purchased 100,000 shares ($414,000.00 total) on 2024-12-06, nearly tripling his holdings from 53,322 shares to 153,322 shares (+187.5% increase). The purchase occurs amid a significant 30-day price recovery of +61.3% and a 90-day surge of +239.6%, though the stock remains -56.2% below its 52-week high of $11.04. A cluster pattern emerges: 3 other insiders also bought within the past 14 days, suggesting coordinated confidence-building during a recovery phase. However, this optimism occurs against deteriorating fundamentals: the company posted a net loss of $-26,087,000.00 in the latest quarter and annual revenue declined -14.3% year-over-year, with the company unprofitable over its most recent full fiscal year. The juxtaposition of substantial insider accumulation during a sharp price rebound against persistent operational losses merits close examination of whether this recovery is driven by genuine operational improvement or represents a temporary technical bounce in a fundamentally challenged business.
Director Harrington buys 10,000 NOTV shares at $3.98; NOTV down 56.2% from 52-week high, 3-insider cluster buy pattern
Harrington Michael J (Director) purchased 10,000 shares at $3.98 on 2024-12-06, increasing his holdings by 36.4% to 37,500 shares total. The transaction occurs within a broader cluster pattern: 3 other insiders also bought within the past 14 days, suggesting coordinated confidence or response to company circumstances. The stock is currently trading at $4.84, down 56.2% from its 52-week high of $11.04, though it has gained 239.6% over the past 90 days from much lower levels. Inotiv is unprofitable (net income of $-26.1M in the latest quarter) with negative annual revenue growth of -14.3%, making this purchase noteworthy as a concentrated insider accumulation during a period of operational distress and significant valuation reset.
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