One Galera Therapeutics, Inc. (NASDAQ:GRTX) insider upped their stake by 50% in the previous year
Viewing insider transactions for Galera Therapeutics, Inc.'s (NASDAQ:GRTX ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Galera Therapeutics
Galera Therapeutics Insider Transactions Over The Last Year
The Independent Director Linda West made the biggest insider purchase in the last 12 months. That single transaction was for US$55k worth of shares at a price of US$2.74 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.51). 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. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Linda West was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Galera 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.
Insider Ownership Of Galera Therapeutics
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Based on our data, Galera Therapeutics insiders have about 1.5% of the stock, worth approximately US$605k. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Galera Therapeutics Insiders?
It doesn't really mean much that no insider has traded Galera Therapeutics shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Galera Therapeutics stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Galera Therapeutics has 6 warning signs (and 3 which are a bit concerning) we think you should know about.
Of course Galera Therapeutics may not be the best stock to buy. So you may wish to see this free collection of high quality 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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