Investors who take an interest in SCYNEXIS, Inc. (NASDAQ:SCYX) should definitely note that the CEO, President & Director, Marco Taglietti, recently paid US$0.90 per share to buy US$150k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 32%.
SCYNEXIS Insider Transactions Over The Last Year
In fact, the recent purchase by Marco Taglietti was the biggest purchase of SCYNEXIS shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$0.74. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months SCYNEXIS insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does SCYNEXIS Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, SCYNEXIS insiders have about 1.0% of the stock, worth approximately US$730k. We consider this fairly low insider ownership.
So What Do The SCYNEXIS Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on SCYNEXIS stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for SCYNEXIS.
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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