Yahoo Finance NanoString Technologies Independent Director Acquires 313% More Stock \
Investors who take an interest in NanoString Technologies, Inc. (NASDAQ:NSTG) should definitely note that the Independent Director, William Young, recently paid US$5.69 per share to buy US$202k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 313%.
View our latest analysis for NanoString Technologies
The Last 12 Months Of Insider Transactions At NanoString Technologies
In the last twelve months, the biggest single purchase by an insider was when CEO, President & Director R. Gray bought US$499k worth of shares at a price of US$7.75 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$5.78). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
NanoString Technologies insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NanoString Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does NanoString Technologies Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests NanoString Technologies insiders own 1.3% of the company, worth about US$3.5m. We prefer to see high levels of insider ownership.
So What Do The NanoString Technologies Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. 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. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that NanoString Technologies insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of NanoString Technologies.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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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