Yahoo Finance The Independent Director of Alkermes plc (NASDAQ:ALKS), Nancy Wysenski, Just Bought 161% More Shares
Potential Alkermes plc (NASDAQ:ALKS) shareholders may wish to note that the Independent Director, Nancy Wysenski, recently bought US$136k worth of stock, paying US$19.65 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 161%.
View our latest analysis for Alkermes
Alkermes Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Director Nancy Wysenski was not the only time they bought Alkermes shares this year. Earlier in the year, they paid US$33.09 per share in a US$142k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$19.63). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Nancy Wysenski was the only individual insider to buy over the year.
Nancy Wysenski bought a total of 11.24k shares over the year at an average price of US$24.79. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Alkermes
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Alkermes insiders own 1.0% of the company, worth about US$31m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Alkermes Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Alkermes insiders are well aligned, and that they may think the share price is too low. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Alkermes may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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