Ardelyx Insiders Land Bargain With Gains Of US$1.1m \
Insiders who bought Ardelyx, Inc. (NASDAQ:ARDX) stock lover the last 12 months are probably not as affected by last week’s 20% loss. Reason being, despite the recent loss, insiders original purchase value of US$1.0m is now worth US$2.1m.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Ardelyx
The Last 12 Months Of Insider Transactions At Ardelyx
The Independent Chairman of the Board David Mott made the biggest insider purchase in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$1.76 each. We do like to see buying, but this purchase was made at well below the current price of US$3.55. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$1.0m for 585.00k shares. But they sold 496.38k shares for US$457k. In total, Ardelyx insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Ardelyx Insiders Are Selling The Stock
The last three months saw some Ardelyx insider selling. Chief Development Officer David Rosenbaum only netted US$14k selling shares, in that period. Neither the lack of buying nor the presence of selling is heartening. But the selling simply isn't sufficiently substantial to be of much use as a signal.
Does Ardelyx Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Ardelyx insiders own 2.0% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Ardelyx Tell Us?
While there has not been any insider buying in the last three months, there has been selling. However, the sales are not big enough to concern us at all. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Ardelyx and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ardelyx. Case in point: We've spotted 2 warning signs for Ardelyx you should be aware of.
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.
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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.
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