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Uni-Pixel, Inc. Message Board

  • derek22_us derek22_us Mar 7, 2013 10:54 AM Flag

    Intensive insider selling

    3 Tech Stocks With Recent Intensive Insider Selling
    Mar 7 2013, 09:57 | includes: EQIX, UNXL, VCLK

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in EQIX over the next 72 hours. (More...)

    The technology sector has been the worst performing group over the recent six month period with a gain of just 2.5%.

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    For this article, I screened for technology stocks which have seen recent intensive insider selling. Intensive insider selling can be defined by the following three criteria:

    The stock was sold by three or more insiders within one month.
    The stock was not purchased by any insiders in the month of intensive selling.
    At least two sellers decreased their holdings by more than 10%.

    In this article, I will feature three technology sector stocks that met these three criteria of intensive insider selling in the last 30 days.

    1. Uni-Pixel (UNXL) delivers performance engineered films to the display, touch screen, and flexible electronics market segments.

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    Insider selling by insider (last 30 days)

    Ross Young sold 14,000 shares on March 1-4 and currently holds 2,000 shares or less than 0.1% of the company. Ross Young serves as a director of the company.
    Jeffrey Tomz sold 40,000 shares on March 1 and currently holds 21,114 shares or 0.2% of the company. Jeffrey Tomz is Chief Financial Officer of the company.
    Seong Shin sold 25,000 shares on March 1 and currently holds 10,000 shares or 0.1% of the company. Seong Shin is Chief Operating Officer of the company.
    Daniel Van Ostrand sold 40,000 shares on March 1 and currently holds 61,167 shares or 0.6% of the company. Daniel Van Ostrand is Senior Vice President Engineering & R&D.
    Robert Petcavich sold 50,000 shares on March 1 and currently holds 26,000 shares or 0.3% of the company. Robert Petcavich is Senior Vice President, Chief Technology Officer.
    Reed Killion sold 50,000 shares on March 1 and currently holds 44,667 shares or 0.4% of the company. Reed Killion is President & CEO of the company.
    Bruce Berkoff sold 10,000 shares on March 1 and currently holds 6,000 shares or less than 0.1% of the company. Bruce Berkoff serves as a director of the company.

    Insider selling by calendar month

    Here is a table of Uni-Pixel's insider trading activity by calendar month.
    Month Insider selling / shares Insider buying / shares
    March 2013 229,000 0
    February 2013 0 0
    January 2013 0 0
    December 2012 0 0
    November 2012 1,500 0
    October 2012 0 0
    September 2012 0 0
    August 2012 1,037,080 4,000
    July 2012 0 0
    June 2012 0 0
    May 2012 0 0
    April 2012 0 0
    March 2012 0 0
    February 2012 0 0

    The month of March 2013 has seen the most insider selling since August 2012.

    Financials

    The company reported the full year 2012 financial results on February 26 with the following highlights:
    Revenue $76,154
    Net loss $9.0 million
    Cash $13.0 million

    Outlook

    Reed Killion, CEO of UniPixel, commented on February 26:

    "Given our strong progress, we expect to recognize approximately $5 million in revenue in the current first quarter. We are planning to begin limited production in the second quarter and ramp up to volume production in the third. We are targeting 60,000 units or square feet per month by the end of April, 200,000 by the end of June, 700,000 by the end of September and then achieving 1.3 million units monthly by January of 2014."

    My analysis

    The stock has met its $22 price target from the Point and Figure chart. There have been eight insider sell transactions and there have not been any insider buy transactions during the last 30 days. Before entering short this stock, I would like to get a bearish confirmation from the Point and Figure chart. The three main reasons for the proposed short entry are negative earnings, high P/S ratio and the intensive insider selling activity.

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