Yahoo Finance Akoustis Technologies Insiders Placed Bullish Bets Worth US$750.0k
Multiple insiders secured a larger position in Akoustis Technologies, Inc. (NASDAQ:AKTS) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Akoustis Technologies
Akoustis Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Jeffrey Shealy was the biggest purchase of Akoustis Technologies 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$0.55. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Akoustis Technologies insiders decided to buy shares at close to current prices.
Akoustis Technologies insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and 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!
Akoustis Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders At Akoustis Technologies Have Bought Stock Recently
Over the last quarter, Akoustis Technologies insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$750k worth of shares. That shows some optimism about the company's future.
Does Akoustis Technologies 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, Akoustis Technologies insiders have about 4.0% of the stock, worth approximately US$2.2m. We prefer to see high levels of insider ownership.
So What Do The Akoustis Technologies Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little 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 Akoustis Technologies 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. To that end, you should learn about the 4 warning signs we've spotted with Akoustis Technologies (including 1 which shouldn't be ignored).
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
