Anyone interested in Quanterix Corporation (NASDAQ:QTRX) should probably be aware that the Chairman, E. Hrusovsky, recently divested US$186k worth of shares in the company, at an average price of US$48.32 each. However, the silver lining is that the sale only reduced their total holding by 0.5%, so we're hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At Quanterix
Notably, that recent sale by Chairman E. Hrusovsky was not the only time they sold Quanterix shares this year. They previously made an even bigger sale of -US$316k worth of shares at a price of US$91.42 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$54.09). So it is hard to draw any strong conclusion from it.
In the last year Quanterix insiders didn't buy any company stock. 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 Quanterix 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 Quanterix Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Quanterix insiders own about US$144m worth of shares (which is 7.3% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Quanterix Insiders?
Insiders sold Quanterix shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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. In terms of investment risks, we've identified 4 warning signs with Quanterix and understanding these should be part of your investment process.
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, but not derivative transactions.
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