Insider Stock Buying Reaches US$1.31m On Azenta

Over the last year, a good number of insiders have significantly increased their holdings in Azenta, Inc. (NASDAQ:AZTA). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Azenta

The Last 12 Months Of Insider Transactions At Azenta

The President John P. Marotta made the biggest insider purchase in the last 12 months. That single transaction was for US$553k worth of shares at a price of US$40.67 each. We do like to see buying, but this purchase was made at well below the current price of US$46.89. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 32.82k shares for US$1.3m. But insiders sold 5.31k shares worth US$223k. In the last twelve months there was more buying than selling by Azenta insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Have Azenta Insiders Traded Recently?

We saw Senior VP and GM of the Genewiz Multiomics & Synthesis Solutions Ginger Zhou buy shares worth US$19k in the last three months. But that was only a smidgen more than the US$17k worth of sales. Looking at the net result, we don't think these recent trades shed much light on how insiders, as a group, are feeling about the company's prospects.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Azenta insiders own 2.2% of the company, worth about US$46m. 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 Azenta Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Azenta and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in Azenta, you should check out this free report on analyst forecasts for the company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 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.