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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Gossamer Bio, Inc. (NASDAQ:GOSS), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
We've discovered 2 warning signs about Gossamer Bio. View them for free.
Gossamer Bio Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder Faheem Hasnain for US$250k worth of shares, at about US$0.67 per share. We do like to see buying, but this purchase was made at well below the current price of US$0.81. 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 insiders purchased 497.00k shares for US$324k. But insiders sold 1.91k shares worth US$1.3k. In total, Gossamer Bio insiders bought more than they sold over the last year. 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!
See our latest analysis for Gossamer Bio
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Gossamer Bio
For a common shareholder, it is worth checking how many shares are held by company 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. Insiders own 3.1% of Gossamer Bio shares, worth about US$6.0m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Do The Gossamer Bio Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Gossamer Bio insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Gossamer Bio. You'd be interested to know, that we found 2 warning signs for Gossamer Bio and we suggest you have a look.