Have Insiders Sold Athenex, Inc. (NASDAQ:ATNX) Shares Recently?

Some Athenex, Inc. (NASDAQ:ATNX) shareholders may be a little concerned to see that insider Wei Zuo recently sold a substantial US$1.9m worth of stock at a price of US$4.52 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 75% of their entire holding.

Check out our latest analysis for Athenex

The Last 12 Months Of Insider Transactions At Athenex

Notably, that recent sale by Wei Zuo is the biggest insider sale of Athenex shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$4.50. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last twelve months insiders purchased 241.45k shares for US$2.3m. But insiders sold 517.93k shares worth US$2.4m. Over the last year we saw more insider selling of Athenex shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Athenex better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Athenex Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Athenex insiders own about US$77m worth of shares. That equates to 18% of the company. 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 Does This Data Suggest About Athenex Insiders?

Insiders sold Athenex shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! 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. Case in point: We've spotted 4 warning signs for Athenex you should be aware of.

But note: Athenex may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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, but not derivative transactions.

When trading Athenex or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

This article by Simply Wall St is general in nature. 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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.