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Potential OmniAb, Inc. (NASDAQ:OABI) shareholders may wish to note that the President, Matthew Foehr, recently bought US$406k worth of stock, paying US$4.27 for each share. Although the purchase only increased their holding by 4.1%, it is still a solid purchase in our view.
View our latest analysis for OmniAb
OmniAb Insider Transactions Over The Last Year
Notably, that recent purchase by President Matthew Foehr was not the only time they bought OmniAb shares this year. Earlier in the year, they paid US$3.40 per share in a US$1.5m purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$4.71. 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 OmniAb insiders were buying shares, but not selling. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of OmniAb
Many investors like to check how much of a company is owned by 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. It appears that OmniAb insiders own 4.4% of the company, worth about US$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About OmniAb Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest OmniAb insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in OmniAb, you should check out this free report on analyst forecasts for the company.
But note: OmniAb may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.