COO Scott Welch sold 11,938 shares of SAAS stock on 05/31/2012 at the average price of 5.2. The price of the stock has increased by 28.08% since.
COO Scott Welch sold 48,062 shares of SAAS stock on 05/24/2012 at the average price of 5.25. The price of the stock has increased by 26.86% since.
Executive VP of Sales Frank Daniel Maylett sold 800 shares of SAAS stock on 05/16/2012 at the average price of 5.3. The price of the stock has increased by 25.66% since.
Chief Marketing Officer Mariann M. Mcdonagh sold 99,999 shares of SAAS stock on 05/16/2012 at the average price of 5.1. The price of the stock has increased by 30.59% since.
For the complete insider trading history of saas, click here.
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Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
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