Yahoo Finance Despite Biomea Fusion, Inc.'s recent decline, insiders have made a around US$30k profit after buying earlier this year.
Insiders who purchased Biomea Fusion, Inc. (NASDAQ:BMEA) shares in the past 12 months are unlikely to be deeply impacted by the stock's 12% decline over the past week. After taking the recent loss into consideration, the US$87k worth of stock they bought is now worth US$116k, indicating that their investment yielded a positive return.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Biomea Fusion
The Last 12 Months Of Insider Transactions At Biomea Fusion
Over the last year, we can see that the biggest insider purchase was by CFO & Principal Accounting Officer Franco Valle for US$87k worth of shares, at about US$8.68 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$11.63. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
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!
Biomea Fusion is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Biomea Fusion Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Biomea Fusion insiders own 1.9% of the company, worth about US$6.4m. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Biomea Fusion Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Biomea Fusion insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Biomea Fusion. For example, Biomea Fusion has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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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