Stock Analysis
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- NasdaqCM:GNSS
With Genasys Inc.'s (NASDAQ:GNSS)) price down 15% this week, insiders might find some solace having sold US$679k worth of shares earlier this year.
Over the past year, insiders sold US$679k worth of Genasys Inc. (NASDAQ:GNSS) stock at an average price of US$7.63 per share allowing them to get the most out of their money. The company's market worth decreased by US$26m over the past week after the stock price dropped 15%, although insiders were able to minimize their losses
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Genasys
The Last 12 Months Of Insider Transactions At Genasys
Over the last year, we can see that the biggest insider sale was by the Independent Chairman of the Board, John Coburn, for US$550k worth of shares, at about US$7.97 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$4.26. So it may not shed much light on insider confidence at current levels.
Over the last year we saw more insider selling of Genasys shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at Genasys Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Genasys. Independent Director Scott Anchin purchased US$27k worth of shares in that period. We like it when there are only buyers, and no sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Genasys insiders have about 2.1% of the stock, worth approximately US$3.3m. We consider this fairly low insider ownership.
So What Do The Genasys Insider Transactions Indicate?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. We don't take much encouragement from the transactions by Genasys insiders. And usually insiders own more stock in the company, according to our data. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Genasys has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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.
What are the risks and opportunities for Genasys?
Genasys Inc. provides critical communications hardware and software solutions worldwide.
Rewards
Revenue is forecast to grow 8.83% per year
Risks
No risks detected for GNSS from our risks checks.
Further research on
Genasys
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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About NasdaqCM:GNSS
Genasys
Genasys Inc. provides critical communications hardware and software solutions worldwide.
Flawless balance sheet and overvalued.
