David Carberry Is The Independent Director of Tyme Technologies, Inc. (NASDAQ:TYME) And They Just Picked Up 100% More Shares

By
Simply Wall St
Published
September 26, 2021
NasdaqCM:TYME
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that David Carberry, the Independent Director of Tyme Technologies, Inc. (NASDAQ:TYME) recently shelled out US$52k to buy stock, at US$1.03 per share. Even though that isn't a massive buy, it did increase their holding by 100%, which is arguably a good sign.

Check out our latest analysis for Tyme Technologies

The Last 12 Months Of Insider Transactions At Tyme Technologies

The Co-Founder, Steven Hoffman, made the biggest insider sale in the last 12 months. That single transaction was for US$613k worth of shares at a price of US$1.27 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$1.08. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 52.81k shares worth US$56k. But insiders sold 1.52m shares worth US$2.1m. Over the last year we saw more insider selling of Tyme Technologies shares, than buying. 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!

insider-trading-volume
NasdaqCM:TYME Insider Trading Volume September 26th 2021

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 31% of Tyme Technologies shares, worth about US$58m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Tyme Technologies Insiders?

Unfortunately, there has been more insider selling of Tyme Technologies stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tyme Technologies. When we did our research, we found 5 warning signs for Tyme Technologies (2 are significant!) that we believe deserve your full attention.

Of course Tyme Technologies 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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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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