Modular Medical Decline Means Insider Profits Down To US$88k

Insiders who purchased Modular Medical, Inc. (NASDAQ:MODD) shares in the past 12 months are unlikely to be deeply impacted by the stock's 11% decline over the past week. After taking the recent loss into consideration, the US$201.9k worth of stock they bought is now worth US$290.1k, indicating that their investment yielded a positive return.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Modular Medical

Modular Medical Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Director Morgan Frank bought US$156k worth of shares at a price of US$1.08 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$1.56. 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.

In the last twelve months Modular Medical insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Modular Medical is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Modular Medical Boast High Insider Ownership?

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. Our data indicates that Modular Medical insiders own about US$5.0m worth of shares (which is 10% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Modular Medical Tell Us?

The fact that there have been no Modular Medical insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Modular Medical stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Modular Medical. For instance, we've identified 5 warning signs for Modular Medical (2 are potentially serious) you should be aware of.

Of course Modular Medical may not be the best stock to buy. So you may wish to see this free collection of high quality 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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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.