Increase in Illumina Insider Holding Over the Past Year
Insiders at Illumina, Inc. (NASDAQ: ILMN) have been buying more stock than they are selling over the past year. While it’s not the only factor to consider when making investment decisions, keeping an eye on insider activity can provide valuable insights.
In the last twelve months, the CEO & Director, Jacob Thaysen, made the biggest insider purchase, buying shares worth US$992k at a price of US$137 per share. This signals optimism from insiders, especially since the purchase was made near the current price of US$144. While insider buying is generally seen as a positive sign, it’s essential to consider if these purchases were made at a significant discount to the current share price.
It’s worth noting that Jacob Thaysen was the only individual insider to buy in the past year. Insider ownership is always something to consider, as it can indicate how aligned company leadership is with shareholder interests. In the case of Illumina, insiders own about US$47m worth of shares, amounting to 0.2% of the company. Although this level of ownership is good, it’s not particularly high.
While there haven’t been any insider transactions in the last three months, that doesn’t raise concern. Insiders have shown an appetite for the stock over the past year, which is a positive sign. If you’re interested, you can take a look at a free report with analyst forecasts for Illumina. And if you’re looking for other companies with potentially superior financials, don’t miss out on this free list of interesting companies with high returns on equity and low debt.
