The CEO, President & Director of NanoString Technologies, Inc. (NASDAQ:NSTG), R. Gray, Just Bought 33% More Shares – Yahoo Finance
Potential NanoString Technologies, Inc. (NASDAQ:NSTG) shareholders may wish to note that the CEO, President & Director, R. Gray, recently bought US$499k worth of stock, paying US$7.38 for each share. That’s a very decent purchase to our minds and it grew their holding by a solid 33%.
Check out our latest analysis for NanoString Technologies
In fact, the recent purchase by R. Gray was the biggest purchase of NanoString Technologies shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$8.35 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the NanoString Technologies insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 96.82k shares worth US$734k. On the other hand they divested 5.00k shares, for US$169k. In the last twelve months there was more buying than selling by NanoString Technologies insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Based on our data, NanoString Technologies insiders have about 0.8% of the stock, worth approximately US$3.3m. I generally like to see higher levels of ownership.
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that NanoString Technologies insiders are reasonably well aligned, and optimistic for the future. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Be aware that NanoString Technologies is showing 3 warning signs in our investment analysis, and 1 of those is a bit unpleasant…
Of course NanoString Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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