Yahoo Finance Patrick Soon-Shiong of Heliogen, Inc. (NYSE:HLGN) Just Spent US$306k On Shares
Investors who take an interest in Heliogen, Inc. (NYSE:HLGN) should definitely note that insider Patrick Soon-Shiong recently paid US$0.23 per share to buy US$306k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 132%.
Check out our latest analysis for Heliogen
Heliogen Insider Transactions Over The Last Year
In fact, the recent purchase by Patrick Soon-Shiong was the biggest purchase of Heliogen shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$0.26 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid US$484k for 1.47m shares. But they sold 118.72k shares for US$25k. Overall, Heliogen insiders were net buyers during the last year. The average buy price was around US$0.33. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Heliogen
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Heliogen insiders own 4.8% of the company, worth about US$2.4m. I generally like to see higher levels of ownership.
So What Do The Heliogen Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Heliogen insiders are reasonably well aligned, and optimistic for the future. 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. Every company has risks, and we've spotted 4 warning signs for Heliogen (of which 1 is a bit concerning!) you should know about.
But note: Heliogen 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, 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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