Advertisement
Singapore markets close in 7 hours 13 minutes
  • Straits Times Index

    3,304.44
    +0.44 (+0.01%)
     
  • Nikkei

    38,268.47
    -302.29 (-0.78%)
     
  • Hang Seng

    18,451.00
    +20.61 (+0.11%)
     
  • FTSE 100

    8,205.11
    +13.82 (+0.17%)
     
  • Bitcoin USD

    65,222.14
    +263.83 (+0.41%)
     
  • CMC Crypto 200

    1,389.46
    +51.71 (+3.87%)
     
  • S&P 500

    5,487.03
    +13.80 (+0.25%)
     
  • Dow

    38,834.86
    +56.76 (+0.15%)
     
  • Nasdaq

    17,862.23
    +5.21 (+0.03%)
     
  • Gold

    2,350.60
    +3.70 (+0.16%)
     
  • Crude Oil

    81.35
    -0.22 (-0.27%)
     
  • 10-Yr Bond

    4.2170
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,593.07
    -6.72 (-0.42%)
     
  • Jakarta Composite Index

    6,726.92
    -6,734.83 (-50.03%)
     
  • PSE Index

    6,365.18
    -0.85 (-0.01%)
     

Bullish Clene Insiders Loaded Up On US$9.58m Of Stock

Quite a few insiders have dramatically grown their holdings in Clene Inc. (NASDAQ:CLNN) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Clene

Clene Insider Transactions Over The Last Year

The insider Chidozie Ugwumba made the biggest insider purchase in the last 12 months. That single transaction was for US$6.0m worth of shares at a price of US$0.80 each. That means that even when the share price was higher than US$0.33 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

ADVERTISEMENT

While Clene insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Clene 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 22% of Clene shares, worth about US$9.4m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Clene Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Clene and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Clene. Our analysis shows 6 warning signs for Clene (3 are potentially serious!) and we strongly recommend you look at them before investing.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.