One Annexon, Inc. (NASDAQ:ANNX) insider upped their stake by 59% in the previous year
Insiders were net buyers of Annexon, Inc.'s (NASDAQ:ANNX ) stock during the past year. That is, insiders bought more stock than they sold.
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.
View our latest analysis for Annexon
The Last 12 Months Of Insider Transactions At Annexon
In the last twelve months, the biggest single purchase by an insider was when CEO, President & Director Douglas Love bought US$147k worth of shares at a price of US$2.45 per share. Even though the purchase was made at a significantly lower price than the recent price (US$3.83), we still think insider buying is a positive. 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.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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).
Annexon Insiders Are Selling The Stock
Over the last three months, we've seen significant insider selling at Annexon. Specifically, insiders ditched US$61k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership Of Annexon
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.3% of Annexon shares, worth about US$6.5m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Annexon Insider Transactions Indicate?
Insiders sold Annexon shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. Still, insiders don't own a great deal of the stock. So we can't be sure that insiders are optimistic. 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 5 warning signs for Annexon (1 can't be ignored) you should be aware of.
But note: Annexon 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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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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