In This Article:
Investors who take an interest in OraSure Technologies, Inc. (NASDAQ:OSUR) should definitely note that the President, Carrie Eglinton Manner, recently paid US$3.15 per share to buy US$247k worth of the stock. Although the purchase only increased their holding by 6.7%, it is still a solid purchase in our view.
View our latest analysis for OraSure Technologies
The Last 12 Months Of Insider Transactions At OraSure Technologies
Notably, that recent purchase by Carrie Eglinton Manner is the biggest insider purchase of OraSure Technologies shares that we've seen in the last year. That implies that an insider found the current price of US$3.48 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for OraSure Technologies share holders is that insiders were buying at near the current price.
OraSure Technologies insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
OraSure Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that OraSure Technologies insiders own 3.4% of the company, worth about US$8.9m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At OraSure Technologies Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that OraSure Technologies insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for OraSure Technologies.