Independent Chairman of the board of Semler Scientific Eric Semler Buys 8.7% More Shares

Semler Scientific, Inc. (NASDAQ:SMLR) shareholders (or potential shareholders) will be happy to see that the Independent Chairman of the board, Eric Semler, recently bought a whopping US$1.9m worth of stock, at a price of US$37.93. While that only increased their holding size by 8.7%, it is still a big swing by our standards.

View our latest analysis for Semler Scientific

The Last 12 Months Of Insider Transactions At Semler Scientific

Notably, that recent purchase by Eric Semler is the biggest insider purchase of Semler Scientific shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of US$45.30. 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.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Semler Scientific is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Semler Scientific

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Semler Scientific insiders own about US$76m worth of shares. That equates to 22% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Semler Scientific Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Semler Scientific insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for Semler Scientific you should be aware of, and 1 of them is significant.

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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