Yahoo Finance Oxford Nanopore Technologies Non-Executive Chair Acquires 84% More Stock
Investors who take an interest in Oxford Nanopore Technologies plc (LON:ONT) should definitely note that the Non-Executive Chair, Duncan Tatton-Brown, recently paid UK£1.26 per share to buy UK£297k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 84%.
See our latest analysis for Oxford Nanopore Technologies
The Last 12 Months Of Insider Transactions At Oxford Nanopore Technologies
Notably, that recent purchase by Duncan Tatton-Brown is the biggest insider purchase of Oxford Nanopore Technologies shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (UK£1.44), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 472.58k shares for UK£694k. But they sold 8.97k shares for UK£20k. Overall, Oxford Nanopore Technologies insiders were net buyers during the last year. The average buy price was around UK£1.47. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.0% of Oxford Nanopore Technologies shares, worth about UK£25m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Oxford Nanopore Technologies Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Oxford Nanopore Technologies shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Oxford Nanopore 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
