Investors may wish to note that the Chief Commercial Officer of Ardelyx, Inc., Eric Foster, recently netted US$50k from selling stock, receiving an average price of US$6.27. However we note that the sale only shrunk their holding by 1.9%.

The Last 12 Months Of Insider Transactions At Ardelyx

Over the last year, we can see that the biggest insider purchase was by Independent Chairman of the Board David Mott for US$1.9m worth of shares, at about US$5.84 per share. That means that an insider was happy to buy shares at around the current price of US$6.11. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Ardelyx share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was David Mott.

David Mott bought 733.33k shares over the last 12 months at an average price of US$4.65. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Does Ardelyx 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. We usually like to see fairly high levels of insider ownership. Insiders own 3.2% of Ardelyx shares, worth about US$49m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Ardelyx Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're happy enough to look past some selling. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Ardelyx.

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.

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.