In This Article:
Insiders were net buyers of The Oncology Institute, Inc.'s (NASDAQ:TOI ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Oncology Institute
The Last 12 Months Of Insider Transactions At Oncology Institute
In the last twelve months, the biggest single purchase by an insider was when Chief Financial Officer Mihir Shah bought US$127k worth of shares at a price of US$1.27 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.45). 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. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Mihir Shah.
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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
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 Oncology Institute insiders own 19% of the company, worth about US$6.4m. 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 Do The Oncology Institute Insider Transactions Indicate?
The fact that there have been no Oncology Institute insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Oncology Institute and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Oncology Institute has 3 warning signs and it would be unwise to ignore these.