Insider Stock Buyers At 908 Devices Recouped Some Losses This Week

Insiders who bought US$293.4k worth of 908 Devices Inc. (NASDAQ:MASS) stock in the last year have seen some of their losses recouped as the stock gained 11% last week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at US$101k since the time of purchase.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for 908 Devices

908 Devices Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Co-Founder Kevin Knopp for US$64k worth of shares, at about US$6.42 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$3.84). 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. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Kevin Knopp.

Kevin Knopp bought a total of 50.00k shares over the year at an average price of US$5.87. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

908 Devices is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of 908 Devices

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. Our data indicates that 908 Devices insiders own about US$9.8m worth of shares (which is 7.6% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About 908 Devices Insiders?

The fact that there have been no 908 Devices insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if 908 Devices insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing 908 Devices. You'd be interested to know, that we found 2 warning signs for 908 Devices and we suggest you have a look.

But note: 908 Devices 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 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.