Insider Spends US$135k Buying More Shares In Vivani Medical

Vivani Medical, Inc. - Common Stock -4.95% Pre

Vivani Medical, Inc. - Common Stock





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Potential Vivani Medical, Inc. (NASDAQ:VANI) shareholders may wish to note that the Independent Chairman of the Board, Gregg Williams, recently bought US$135k worth of stock, paying US$0.88 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.2%.

View our latest analysis for Vivani Medical

Vivani Medical Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Chairman of the Board Gregg Williams was not the only time they bought Vivani Medical shares this year. They previously made an even bigger purchase of US$1.8m worth of shares at a price of US$1.10 per share. That means that even when the share price was higher than US$1.04 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months Vivani Medical insiders were buying shares, but not selling. 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!

NasdaqCM:VANI Insider Trading Volume December 28th 2023

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 Vivani Medical Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. Vivani Medical insiders own about US$19m worth of shares. That equates to 35% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Vivani Medical Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Vivani Medical we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Vivani Medical. At Simply Wall St, we've found that Vivani Medical has 5 warning signs (3 are a bit unpleasant!) that deserve your attention before going any further with your analysis.

But note: Vivani Medical 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 of direct interests only, but not derivative transactions or indirect interests.

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