How Many Tyme Technologies, Inc. (NASDAQ:TYME) Shares Have Insiders Sold, In The Last Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in Tyme Technologies, Inc. (NASDAQ:TYME).

What Is Insider Selling?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.

Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'

Check out our latest analysis for Tyme Technologies

Tyme Technologies Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Director Douglas Michels bought US$65k worth of shares at a price of US$3.26 per share. That means that an insider was happy to buy shares at above the current price of US$1.16. 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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Over the last year, we can see that insiders have bought 105k shares worth US$155k. But they sold 180k for US$199k. Michael Demurjian ditched 180k shares over the year. The average price per share was US$1.11. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Tyme Technologies Insiders Are Selling The Stock

Over the last three months, we've seen notably more insider selling, than insider buying, at Tyme Technologies. We note Michael Demurjian cashed in US$199k worth of shares. Meanwhile insiders bought US$89k worth. Because the selling vastly outweighs the buying, we'd say this is a somewhat bearish sign.

Does Tyme Technologies Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Tyme Technologies insiders own about US$69m worth of shares (which is 53% 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 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. It is good to see high insider ownership, but the insider selling leaves us cautious. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Tyme Technologies.

But note: Tyme Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.