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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 MYCELX Technologies Corporation (LON:MYX), 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 do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for MYCELX Technologies
The Last 12 Months Of Insider Transactions At MYCELX Technologies
The Senior Independent Director Andre Schnabl made the biggest insider purchase in the last 12 months. That single transaction was for UK£39k worth of shares at a price of UK£0.54 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.54). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. 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 MYCELX Technologies insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
MYCELX Technologies Insiders Bought Stock Recently
Over the last quarter, MYCELX Technologies insiders have spent a meaningful amount on shares. Senior Independent Director Andre Schnabl spent UK£39k on stock, and there wasn't any selling. This makes one think the business has some good points.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that MYCELX Technologies insiders own 20% of the company, worth about UK£2.4m. 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 MYCELX Technologies Insiders?
Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in MYCELX Technologies 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. At Simply Wall St, we've found that MYCELX Technologies has 3 warning signs (2 are concerning!) that deserve your attention before going any further with your analysis.