Stock Analysis

Trade Alert: The CEO, President & Director Of SCYNEXIS, Inc. (NASDAQ:SCYX), Marco Taglietti, Has Just Spent US$250k Buying 57% More Shares

  •  Updated
NasdaqGM:SCYX
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Potential SCYNEXIS, Inc. (NASDAQ:SCYX) shareholders may wish to note that the CEO, President & Director, Marco Taglietti, recently bought US$250k worth of stock, paying US$6.25 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 57%, potentially signalling some real optimism.

See our latest analysis for SCYNEXIS

SCYNEXIS Insider Transactions Over The Last Year

In fact, the recent purchase by Marco Taglietti was the biggest purchase of SCYNEXIS shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$7.14. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months SCYNEXIS insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGM:SCYX Insider Trading Volume December 28th 2020

SCYNEXIS is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does SCYNEXIS Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests SCYNEXIS insiders own 0.9% of the company, worth about US$1.2m. I generally like to see higher levels of ownership.

What Might The Insider Transactions At SCYNEXIS Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on SCYNEXIS stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that SCYNEXIS has 4 warning signs (3 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

Of course SCYNEXIS 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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