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Insider Buy CFO Buy New Position September 15, 2023

Emany Sravan Kumar purchased ~$300K in Ironwood Pharmaceuticals, Inc. stock

Ironwood Pharmaceuticals, Inc. (IRWD)  ·  SVP, Chief Financial Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+37.3%

vs SPY +6.5%

IRWD price after insider trade by Emany Sravan Kumar

Insider

Emany Sravan Kumar

Role

SVP, Chief Financial Officer

Transaction

Open-Market Purchase

Approx. Value

~$300K

Trade Date

Sep 15, 2023

Company

Ironwood Pharmaceuticals, Inc.

Ticker

IRWD

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$300K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

SVP, Chief Financial Officer

CFOs have direct access to financials before they become public. Their trades are among the most closely watched by institutional investors.

+37.3% in 90 days (S&P 500: +6.5%)

This trade beat the S&P 500 by 30.8 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

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How good is Emany Sravan Kumar at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On September 15, 2023, Emany Sravan Kumar — SVP, Chief Financial Officer of Ironwood Pharmaceuticals, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$300K in Ironwood Pharmaceuticals, Inc. (IRWD) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, IRWD returned +37.3% versus +6.5% for the S&P 500 over the same period.

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$300K
Insider role SVP, Chief Financial Officer
90-day return +37.3%
vs S&P 500 +30.8%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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