Anyone interested in Quanterix Company (NASDAQ: QTRX) should probably know that the chairman, E. Hrusovsky, recently sold US $ 186,000 of shares in the company, at an average price of US $ 48.32 each. However, the bright side is that the sale only reduced their total stake by 0.5%, so we’re hesitant to read anything about it, for themselves.
Discover our latest analysis for Quanterix
The last 12 months of insider trading at Quanterix
Notably, this recent sale by Chairman E. Hrusovsky was not the only time they have sold Quanterix shares this year. Previously, they had made an even larger sale of shares valued at – US $ 316,000 at a price of US $ 91.42 per share. We usually don’t like to see insider sales, but the lower the selling price, the more it concerns us. The positive side is that this drop took place above the last price (US $ 54.09). It is therefore difficult to draw a solid conclusion.
In the past year, insiders of Quanterix have not purchased any shares of the company. Below you can see a visual representation of insider trading (by businesses and individuals) over the past 12 months. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!
I will like Quanterix better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.
Does Quanterix pride itself on strong insider ownership?
I like to watch how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. We generally like to see fairly high levels of insider ownership. Quanterix insiders own around $ 144 million in shares (or 7.3% of the company). This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.
So what does this data suggest about Quanterix insiders?
Insiders recently sold Quanterix shares, but they haven’t bought any. And even though we look at last year, we haven’t seen any purchases. Although insiders own many shares of the company (which is good), our analysis of their transactions does not give us confidence in the company. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. In terms of investment risks, we have identified 4 warning signs with Quanterix and understanding them should be part of your investment process.
If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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This Simply Wall St article is general in nature. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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