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Insiders were net buyers of Shattuck Labs, Inc.'s (NASDAQ:STTK ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Shattuck Labs
The Last 12 Months Of Insider Transactions At Shattuck Labs
In fact, the recent purchase by Tyler Brous was the biggest purchase of Shattuck Labs shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$6.43. 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 always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Tyler Brous was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Shattuck Labs is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Shattuck Labs
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 18% of Shattuck Labs shares, worth about US$50m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Shattuck Labs Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Shattuck Labs insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Shattuck Labs. At Simply Wall St, we've found that Shattuck Labs has 4 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.