Worth a closer look
- Open-market purchase with their own money (Form 4 code P), not a grant or option exercise.
- Bought by the CEO, one of the two people with the fullest view of the company.
- Their first purchase here in our data, after 9 sales.
Reasons for caution
- Held indirectly (a trust, fund or family entity), so the economic owner isn't only the named insider.
- Similar past buys beat the S&P 500 only 44% of the time (122 cases); the typical one trailed it by 2.6%.
What happened after this filing
Insider Twins: past buys with the same traits
1 insider buying · incl. CEO or CFO · $1M+ · stock down 0–20% in 3 months
SMMT Nov 10, 2020 +220.3% vs S&PNFE Oct 3, 2024 +63.9% vs S&PAPP Aug 18, 2021 +63.8% vs S&PRFL Aug 25, 2021 -91.2% vs S&PNRDY Mar 19, 2024 -49.5% vs S&PECC Mar 3, 2020 -48.9% vs S&PWhat we couldn't check
- Why they traded. Filings don't say, and we don't guess.
- Company news after the filing, and any private terms.
Michael Cannon-Brookes (CEO) bought $2.0M of TEAM at about $150.30 on Nov 11, 2026, reported to the SEC on Nov 12, 2026. Buys like this beat the S&P 500 44% of the time since 2020, against 46% for all insider buys. We found 3 points that make it worth a closer look and 2 reasons for caution. History, not a prediction.
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Written by fixed rules from SEC filings and our measured history, not by an AI model. Public data only. History, not a prediction, and not investment advice.