Stock Analysis

This Insider Has Just Sold Shares In Iterum Therapeutics plc (NASDAQ:ITRM)

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We'd be surprised if Iterum Therapeutics plc (NASDAQ:ITRM) shareholders haven't noticed that the President, Corey Fishman, recently sold US$148k worth of stock at US$1.73 per share. That sale was 21% of their holding, so it does make us raise an eyebrow.

See our latest analysis for Iterum Therapeutics

The Last 12 Months Of Insider Transactions At Iterum Therapeutics

In fact, the recent sale by Corey Fishman was the biggest sale of Iterum Therapeutics shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$1.49. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last year Iterum Therapeutics insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqCM:ITRM Insider Trading Volume February 4th 2021

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Does Iterum Therapeutics Boast High 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. From looking at our data, insiders own US$1.0m worth of Iterum Therapeutics stock, about 0.8% of the company. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Iterum Therapeutics Tell Us?

Insiders sold Iterum Therapeutics shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. We'd certainly practice some caution before buying! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Iterum Therapeutics has 7 warning signs (4 are a bit concerning!) that deserve your attention before going any further with your analysis.

Of course Iterum Therapeutics 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, but not derivative transactions.

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