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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Assembly Biosciences, Inc. (NASDAQ:ASMB), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Assembly Biosciences
Assembly Biosciences Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Alexander Schornstein bought US$372k worth of shares at a price of US$15.00 per share. That means that an insider was happy to buy shares at above the current price of US$11.26. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 47.20k shares worth US$679k. On the other hand they divested 10.11k shares, for US$139k. In total, Assembly Biosciences insiders bought more than they sold over the last year. 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!
Assembly Biosciences is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At Assembly Biosciences Have Bought Stock Recently
There was some insider buying at Assembly Biosciences over the last quarter. Independent Director Michael Houghton purchased US$50k worth of shares in that period. We like it when there are only buyers, and no sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Insider Ownership Of Assembly Biosciences
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Assembly Biosciences insiders own 12% of the company, worth about US$8.8m. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Assembly Biosciences Insiders?
Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Assembly Biosciences insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Assembly Biosciences. Every company has risks, and we've spotted 4 warning signs for Assembly Biosciences (of which 1 is a bit concerning!) you should know about.