Chief Financial Officer Narayan Prabhu Just Bought A Handful Of Shares In Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH)
In This Article:
Whilst it may not be a huge deal, we thought it was good to see that the Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) Chief Financial Officer, Narayan Prabhu, recently bought US$61k worth of stock, for US$1.21 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for Reviva Pharmaceuticals Holdings
The Last 12 Months Of Insider Transactions At Reviva Pharmaceuticals Holdings
Notably, that recent purchase by Narayan Prabhu is the biggest insider purchase of Reviva Pharmaceuticals Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.20). 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. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Narayan Prabhu was the only individual insider to buy during the last year.
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!
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 of Reviva Pharmaceuticals Holdings
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 26% of Reviva Pharmaceuticals Holdings shares, worth about US$4.8m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Reviva Pharmaceuticals Holdings Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Reviva Pharmaceuticals Holdings shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Reviva Pharmaceuticals Holdings. To help with this, we've discovered 4 warning signs (1 makes us a bit uncomfortable!) that you ought to be aware of before buying any shares in Reviva Pharmaceuticals Holdings.