Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Miromatrix Medical Inc. (NASDAQ:MIRO), that sends out a positive 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 Miromatrix Medical
The Last 12 Months Of Insider Transactions At Miromatrix Medical
There wasn't any very large single transaction over the last year, but we can still observe some trading.
While Miromatrix Medical insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Miromatrix Medical is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Miromatrix Medical Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 7.8% of Miromatrix Medical shares, worth about US$3.1m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Miromatrix Medical Insiders?
The fact that there have been no Miromatrix Medical insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Miromatrix Medical insiders bought more shares in the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Miromatrix Medical is showing 6 warning signs in our investment analysis, and 3 of those are significant...
But note: Miromatrix Medical 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.