We note that a AxoGen, Inc. (NASDAQ:AXGN) insider, Peter Mariani, recently sold US$94k worth of stock for US$7.50 per share. It might not be a huge sale, but it did reduce their holding size 16%, hardly encouraging.
See our latest analysis for AxoGen
AxoGen Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Director, Gregory Freitag, sold US$366k worth of shares at a price of US$8.74 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$7.65. So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 30.00k shares for US$189k. On the other hand they divested 61.95k shares, for US$528k. Over the last year we saw more insider selling of AxoGen shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does AxoGen Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 5.6% of AxoGen shares, worth about US$18m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At AxoGen Tell Us?
An insider sold AxoGen shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 2 warning signs for AxoGen that deserve your attention before buying any shares.
But note: AxoGen 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 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.