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Potential Clene Inc. (NASDAQ:CLNN) shareholders may wish to note that the Independent Chairman of the Board, David Matlin, recently bought US$103k worth of stock, paying US$0.41 for each share. Although the purchase only increased their holding by 3.6%, it is still a solid purchase in our view.
Check out our latest analysis for Clene
The Last 12 Months Of Insider Transactions At Clene
The insider Chidozie Ugwumba made the biggest insider purchase in the last 12 months. That single transaction was for US$6.0m worth of shares at a price of US$0.80 each. That means that an insider was happy to buy shares at above the current price of US$0.44. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Clene insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 Clene
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Clene insiders own about US$13m worth of shares. That equates to 21% of the company. 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 Clene Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Clene insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 5 warning signs we've spotted with Clene (including 2 which shouldn't be ignored).