Investors may wish to note that the President of Sera Prognostics, Inc., Zhenya Lindgardt, recently netted US$86k from selling stock, receiving an average price of US$3.04. However we note that the sale only shrunk their holding by 9.6%.
In fact, the recent sale by President Zhenya Lindgardt was not their only sale of Sera Prognostics shares this year. Earlier in the year, they fetched US$4.12 per share in a -US$122k sale. 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$3.51. So it may not shed much light on insider confidence at current levels.
Insiders in Sera Prognostics didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Sera Prognostics
I will like Sera Prognostics better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
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. From our data, it seems that Sera Prognostics insiders own 4.4% of the company, worth about US$6.0m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
Insiders sold Sera Prognostics shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. While it's good to be aware of 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. Every company has risks, and we've spotted 3 warning signs for Sera Prognostics (of which 1 doesn't sit too well with us!) you should know about.
Of course Sera Prognostics 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 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.