Independent Director Paul Manning Just Bought A Handful Of Shares In Taysha Gene Therapies, Inc. (NASDAQ:TSHA)

By
Simply Wall St
Published
May 18, 2021
NasdaqGS:TSHA

Potential Taysha Gene Therapies, Inc. (NASDAQ:TSHA) shareholders may wish to note that the Independent Director, Paul Manning, recently bought US$252k worth of stock, paying US$20.98 for each 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.

Check out our latest analysis for Taysha Gene Therapies

The Last 12 Months Of Insider Transactions At Taysha Gene Therapies

In fact, the recent purchase by Paul Manning was the biggest purchase of Taysha Gene Therapies 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$21.79. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Taysha Gene Therapies share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Paul Manning.

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!

insider-trading-volume
NasdaqGS:TSHA Insider Trading Volume May 19th 2021

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Taysha Gene Therapies insiders own about US$320m worth of shares (which is 39% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Taysha Gene Therapies Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Taysha Gene Therapies. That's what I like to see! 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. For instance, we've identified 3 warning signs for Taysha Gene Therapies (1 makes us a bit uncomfortable) 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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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