Yahoo Finance One TELA Bio, Inc. (NASDAQ:TELA) insider upped their stake by 342% in the previous year
Looking at TELA Bio, Inc.'s (NASDAQ:TELA ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
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 TELA Bio
TELA Bio Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by CFO & COO Roberto Cuca for US$83k worth of shares, at about US$5.50 per share. Even though the purchase was made at a significantly lower price than the recent price (US$10.74), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
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!
TELA Bio is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does TELA Bio Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own US$2.4m worth of TELA Bio stock, about 1.1% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About TELA Bio Insiders?
It doesn't really mean much that no insider has traded TELA Bio shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if TELA Bio insiders bought more shares in the company. 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. While conducting our analysis, we found that TELA Bio has 2 warning signs and it would be unwise to ignore them.
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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