Market cap

As the market capitalization of Quanterix Corporation (NASDAQ:QTRX) fell by $123 million, insiders who sold $2.0 million worth of shares were able to offset their losses

In the past year, insiders have sold $2.0 million worth of Quanterix Corporation (NASDAQ:QTRX) at an average price of $40.58 per share, giving them the most for their money. The company’s market valuation shrank $123 million after the stock price fell 17% over the past week, but insiders were spared painful losses.

While we don’t believe shareholders should simply follow insider trades, logic dictates that you pay attention to whether insiders are buying or selling shares.

Check out our latest analysis for Quanterix

Quanterix insider trades over the past year

In the past twelve months, the largest single insider sale occurred when Executive Chairman E. Hrusovsky sold US$214,000 worth of stock at US$59.34 per share. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. The good news is that this major selloff took place well above the current price of US$16.19. It is therefore difficult to draw a firm conclusion.

Last year, Quanterix insiders did not buy any shares of the company. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!

NasdaqGM: QTRX insider trading volume as of July 1, 2022

I’d like Quanterix better if I see big insider buys. In the meantime, watch this free list of growing companies with significant and recent insider buying.

Quanterix insiders sell the shares

The last quarter saw significant insider selling of Quanterix stock. Specifically, insiders gave up US$128,000 worth of shares at that time, and we didn’t record any buys. This may suggest that some insiders think stocks aren’t cheap.

Does Quanterix boast of high insider ownership?

Many investors like to check how much a company is owned by insiders. I think it’s a good sign if insiders have a significant number of shares in the company. Quanterix insiders appear to own 7.2% of the company, worth around $43 million. This level of insider ownership is good, but just short of being particularly noteworthy. This certainly suggests a reasonable degree of alignment.

So what does this data suggest about Quanterix insiders?

Insiders recently sold Quanterix shares, but did not buy any. Looking at the last twelve months, our data shows no insider buying. Insiders hold shares, but we remain quite cautious, given the history of sales. We are in no rush to buy! So these insider trades can help us build a thesis on the stock, but it’s also helpful to know the risks this company faces. Every business has risks, and we’ve spotted 3 warning signs for Quanterix you should know.

If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.