GuruFocus data shows that Scott Burrows, CFO of Arcutis Biotherapeutics Inc. (NAS:ARQT), sold 12,560 shares on December 27, 2021.
Insiders selling shares can cause investors concern. This could indicate that insiders have become bearish about the shares of their company's stock. Investors should pay close attention to insiders' ability to determine the company's value. We will take a closer look at the insider sale to determine if investors should be skeptical about Arcutis Biotherapeutics Inc.
Scott Burrows's Trades
Scott Burrows sold 12,560 shares over the last year.
This means that Scott Burrows has not sold any shares in the last year. They may have changed their minds about the stock after a recent unfavorable event.
Trends from the inside
One insider selling doesn't necessarily mean other insiders have a bearish view of the stock. Is the stock being sold by other insiders? Or have top company executives and owners bought more recently?
Arcutis Biotherapeutics Inc's insider transactions history shows that there were 0 insider buys over the last year. During the same period, 39 insider sales were made.
Scott Burrows isn't the only insider selling shares lately; there are other insiders selling more than buying, which can be troubling for investors. We should remember that insiders can sell shares for various reasons. A high level of insider sales could indicate a negative sign or neutral, depending upon the motivation behind it.
Note that the facts and numbers quoted in this article are current as of writing. They may not reflect the most recent trading data and company announcements.
You would like to give feedback about this article? Do you have questions? Get in touch with us here, or email us at email@example.com!
GuruFocus and its affiliates do not endorse the views expressed in this article. It is not meant to provide investment advice. This article was not written with regard to your financial situation. Our goal is to provide you with fundamental data-driven analyses. However, the information contained on this website cannot be guaranteed as accurate, complete, or otherwise.
This article first appeared on GuruFocus.