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Investors who take an interest in Abeona Therapeutics Inc. (NASDAQ:ABEO) should definitely note that insider Stefano Buono recently paid US$2.50 per share to buy US$500k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 286%, potentially signalling some real optimism.
Abeona Therapeutics Insider Transactions Over The Last Year
Notably, that recent purchase by insider Stefano Buono was not the only time they bought Abeona Therapeutics shares this year. Earlier in the year, they paid US$7.91 per share in a US$546k purchase. That means that an insider was happy to buy shares at above the current price of US$3.27. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Abeona Therapeutics insiders bought shares last year, they didn't sell. Their average price was about US$4.01. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Abeona Therapeutics is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own US$3.8m worth of Abeona Therapeutics stock, about 1.4% of the company. We consider this fairly low insider ownership.
So What Do The Abeona Therapeutics Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Abeona Therapeutics insiders are expecting a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Abeona Therapeutics 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, but not derivative transactions.
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