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Investors who take an interest in Immunic, Inc. (NASDAQ:IMUX) should definitely note that the Independent Director, Richard Rudick, recently paid US$1.15 per share to buy US$100k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for Immunic
The Last 12 Months Of Insider Transactions At Immunic
In fact, the recent purchase by Richard Rudick was the biggest purchase of Immunic shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$1.09 (the recent price), an insider wanted to purchase shares. 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Immunic insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Immunic is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Immunic Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Immunic insiders have about 1.2% of the stock, worth approximately US$1.1m. We consider this fairly low insider ownership.
So What Do The Immunic Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Immunic insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 5 warning signs for Immunic you should be aware of, and 3 of these are a bit unpleasant.