Jonathan Rothberg Is The Founder & Vice Chairman of Hyperfine, Inc. (NASDAQ:HYPR) And They Just Picked Up 24% More Shares
Investors who take an interest in Hyperfine, Inc. (NASDAQ:HYPR) should definitely note that the Founder & Vice Chairman, Jonathan Rothberg, recently paid US$1.46 per share to buy US$442k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 24%.
Check out our latest analysis for Hyperfine
The Last 12 Months Of Insider Transactions At Hyperfine
In fact, the recent purchase by Jonathan Rothberg was the biggest purchase of Hyperfine shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$1.47. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Hyperfine insider decided to buy shares at close to current prices. Jonathan Rothberg was the only individual insider to buy shares in the last twelve months.
Jonathan Rothberg purchased 355.99k shares over the year. The average price per share was US$1.58. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Hyperfine 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.
Does Hyperfine Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Hyperfine insiders own 23% of the company, worth about US$24m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Hyperfine Insider Transactions Indicate?
The recent insider purchase is heartening. 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. Given that insiders also own a fair bit of Hyperfine we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for Hyperfine (1 doesn't sit too well with us) you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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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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