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Bullish Amesite Insiders Rewarded As Their Investment Rises To US$1.63m
Amesite Inc. (NASDAQ:AMST) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 46% resulting in a US$5.6m addition to the company’s market value. Put another way, the original US$1.26m acquisition is now worth US$1.63m.
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.
Amesite Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairperson Ann Sastry for US$1m worth of shares, at about US$3.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$3.87. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While Amesite insiders bought shares during the last year, they didn't sell. 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!
View our latest analysis for Amesite
Amesite is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Amesite
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 36% of Amesite shares, worth about US$4.4m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Amesite Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Amesite shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Amesite 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 Amesite has 5 warning signs (3 don't sit too well with us!) that deserve your attention before going any further with your analysis.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:AMST
Amesite
A technology company, engages in the marketing and development of B2C and B2B AI-driven solutions in the United States.
Moderate risk with adequate balance sheet.
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