Menu
Welcome to edition 345 of Insider Weekends. Insider buying increased last week with insiders buying $33.94 million of stock compared to $32.72 million in the week prior. Nearly $30 million of insider buying was on account of a director of Heron Therapeutics (HRTX) participating in a secondary offering by the company, resulting in very few interesting insider purchases last week. Selling declined with insiders selling $614.39 million of stock last week compared to $425.47 million in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 18.1. In other words, insiders sold more than 18 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 13.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Cogint, Inc. (COGT): $3.95
Shares of this data and analytics company were acquired by 3 insiders: