Yahoo Finance Independent Director Ronny Lancaster Just Bought 91% More Shares In OraSure Technologies, Inc. (NASDAQ:OSUR)
Potential OraSure Technologies, Inc. (NASDAQ:OSUR) shareholders may wish to note that the Independent Director, Ronny Lancaster, recently bought US$200k worth of stock, paying US$4.00 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 91%, potentially signalling some real optimism.
See our latest analysis for OraSure Technologies
The Last 12 Months Of Insider Transactions At OraSure Technologies
Notably, that recent purchase by Ronny Lancaster is the biggest insider purchase of OraSure Technologies shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$4.11. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
While OraSure Technologies insiders bought shares during the last year, they didn't sell. 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!
OraSure Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. OraSure Technologies insiders own about US$13m worth of shares. That equates to 4.3% of the company. 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 OraSure Technologies Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of OraSure Technologies we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OraSure Technologies. While conducting our analysis, we found that OraSure Technologies has 1 warning sign and it would be unwise to ignore this.
But note: OraSure Technologies 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.
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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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