Yahoo Finance A Alkermes plc (NASDAQ:ALKS) insider increased their holdings by 63% last year
From what we can see, insiders were net buyers in Alkermes plc's (NASDAQ:ALKS ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Alkermes
Alkermes Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director David Daglio for US$816k worth of shares, at about US$23.31 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$26.61. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Alkermes is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Alkermes 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Alkermes insiders own 1.4% of the company, worth about US$63m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Alkermes Insiders?
It doesn't really mean much that no insider has traded Alkermes shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Alkermes insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in Alkermes, you should check out this free report on analyst forecasts for the company.
Of course Alkermes 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, but not derivative transactions.
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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.
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