Chief Development Officer Of Glaukos Sold 28% Of Their Shares
Some Glaukos Corporation (NYSE:GKOS) shareholders may be a little concerned to see that the Chief Development Officer, Tomas Navratil, recently sold a substantial US$2.5m worth of stock at a price of US$181 per share. That's a big disposal, and it decreased their holding size by 28%, which is notable but not too bad.
Glaukos Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the President & COO, Joseph Gilliam, sold US$2.8m worth of shares at a price of US$144 per share. That means that an insider was selling shares at slightly below the current price (US$180). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 40% of Joseph Gilliam's stake.
Insiders in Glaukos didn't buy any shares in the last year. 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!
View our latest analysis for Glaukos
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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. We usually like to see fairly high levels of insider ownership. Glaukos insiders own about US$375m worth of shares (which is 3.6% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Glaukos Insiders?
Insiders sold Glaukos shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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 - Glaukos has 1 warning sign we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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