Taylor Schreiber Spends US$50k On Shattuck Labs Stock

Even if it's not a huge purchase, we think it was good to see that Taylor Schreiber, the Co-Founder of Shattuck Labs, Inc. (NASDAQ:STTK) recently shelled out US$50k to buy stock, at US$3.47 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Shattuck Labs

Shattuck Labs Insider Transactions Over The Last Year

The Chief Financial Officer, Andrew Neill, made the biggest insider sale in the last 12 months. That single transaction was for US$250k worth of shares at a price of US$10.00 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$3.70. So it may not shed much light on insider confidence at current levels. Andrew Neill was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 22.82k shares worth US$83k. But insiders sold 25.00k shares worth US$250k. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Does Shattuck Labs Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Shattuck Labs insiders own 13% of the company, worth about US$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Shattuck Labs Insiders?

It is good to see recent purchasing. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by Shattuck Labs insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. In short they are likely aligned with shareholders. While it's good to be aware of 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. For instance, we've identified 5 warning signs for Shattuck Labs (1 shouldn't be ignored) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.

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