Andrew E. Watt

STRA

CHIEF OPERATING OFFICER · STRATEGIC EDUCATION, INC. · CIK 0001690199

FILING MIX · LIFETIME38%/62%

BUYS

SELLS

TOTAL VALUE

$713.1K

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

21,522

AVG SELL PX

$151.35

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Andrew E. Watt, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+50.00%	-1.67%	-1.86%	+0.19%	+0.19%	—
14d	2	+50.00%	-0.98%	-12.02%	+11.04%	+11.04%	—
30d	2	+100.00%	-15.14%	-17.08%	+1.94%	+1.94%	—
60d	2	+50.00%	-3.50%	-7.35%	+3.85%	+3.85%	—
90d	2	+0.00%	+11.85%	-2.48%	+14.33%	+14.33%	—
180d	2	+100.00%	-31.48%	+12.45%	-43.93%	-43.93%	—
1y	2	+100.00%	-38.61%	+26.61%	-65.22%	-65.22%	—
2y	2	+100.00%	-62.28%	+43.62%	-105.90%	-105.90%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

STRA · 21,522 shares · as of Feb 28, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 3 buys / 5 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
STRA STRATEGIC EDUCATION, INC.	SALE Chief Operating Officer	1,148	—	—	1,148	Feb 28, 2020	Mar 2, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	SALE Chief Operating Officer	1,965	$145.00	$284.9K	19,557	Feb 28, 2020	Mar 2, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	PURCHASE Chief Operating Officer	1,148	$87.66	$100.6K	21,522	Feb 28, 2020	Mar 2, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	PURCHASEGRANT Stock grant	6,840	—	—	20,688	Feb 27, 2020	Mar 2, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	SALE Chief Operating Officer	314	$150.46	$47.2K	20,374	Feb 27, 2020	Mar 2, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	SALE Chief Operating Officer	1,316	$161.04	$211.9K	13,848	Feb 24, 2020	Feb 25, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	SALE Chief Operating Officer	1,316	—	—	0	Feb 24, 2020	Feb 25, 2020 ↗
STRA STRATEGIC EDUCATION, INC.	PURCHASE Chief Operating Officer	1,316	$51.96	$68.4K	15,164	Feb 24, 2020	Feb 25, 2020 ↗

Other insiders · STRA

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About this filer

CIK 0001690199

ROLE

Chief Operating Officer

PRIMARY

STRA

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001690199DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Andrew E. Watt

The morning brief, before the bell.