Bullish insiders at 908 Devices Inc. (NASDAQ:MASS) loaded up on US$1.5m of stock earlier this year

Simply Wall St
·2 min read

Multiple insiders secured a larger position in 908 Devices Inc. (NASDAQ:MASS) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

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.

View our latest analysis for 908 Devices

908 Devices Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Chairman of the Board E. Hrusovsky bought US$1.0m worth of shares at a price of US$20.00 per share. We do like to see buying, but this purchase was made at well below the current price of US$32.31. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months 908 Devices 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 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 908 Devices 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. I reckon it's a good sign if insiders own a significant number of shares in the company. 908 Devices insiders own about US$162m worth of shares (which is 18% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The 908 Devices Insider Transactions Indicate?

It doesn't really mean much that no insider has traded 908 Devices shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. It would be great to see more insider buying, but overall it seems like 908 Devices insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - 908 Devices has 2 warning signs we think you should be aware of.

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, but not derivative transactions.

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.

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

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Recommended Stories

  • When Should You Buy Monarch Casino & Resort, Inc. (NASDAQ:MCRI)?

    Monarch Casino & Resort, Inc. ( NASDAQ:MCRI ), is not the largest company out there, but it saw a decent share price...

  • Billionaire Ray Dalio Bets on These 3 ‘Strong Buy’ Stocks

    When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. Dalio has been dubbed by some the ‘Steve Jobs of investing.’ Like Jobs, Dalio believes in the value of keeping decisions simple. “Get rid of irrelevant details so that the essential things and the relationships between them stand out,” Dalio sa

  • 5 Top Dividend Kings to Buy and Hold Forever

    Dividend investing is a proven strategy to build wealth, but not if you chase yields. The trick is to buy dividend growth stocks that pay regular, stable, and growing dividends, and hold them for as long as you possibly can. Among these, I believe the below 5 are the best Dividend Kings to buy now and hold for the long term.

  • 3 High-Flying Stocks That May Fall 53% to 84%, According to Wall Street

    Time and again, patience begets profits on Wall Street. According to Wall Street analysts and investment firms, there are three high-flying stocks that could lose anywhere from 53% to 84% of their value over the coming year, based on the consensus price target for each company. First up is skyrocketing biotech stock Moderna (NASDAQ: MRNA), which has gained almost 1,900% since the beginning of 2020.

  • I'd Be Much Richer Now if It Weren't for This One Investing Mistake

    With that in mind, we put together a panel of Motley Fool contributors and asked each to highlight a misstep that cost them some big dough. Investors aim to buy stocks at prices that are lower than they will be in the future, and so it naturally makes sense to look for stocks that trade below recent highs. If you also take to investing genius Peter Lynch's maxim that the best stock to buy is one you already own, then it probably makes sense to look for beaten-down stocks in your portfolio that could be due for a big rebound and sustained rally.

  • 3 No-Brainer Dividend Stocks to Buy Right Now

    There's certainly a risk of analysis paralysis when it comes to choosing which dividend stocks to buy. The good news is that there are some dividend stocks that are so good that the decision is virtually a slam dunk. Here are three no-brainer dividend stocks to buy right now.

  • 5 Game-Changing Stocks That Can Turn $250,000 Into $1 Million by 2030

    Since the stock market bottomed out in March 2020, investors have been treated to a record-breaking bounce-back rally. While some investors might be skittish about putting money to work with the market regularly knocking on the door of new highs, history has shown that, if you're a long-term investor who allows their investment thesis to play out, anytime is a great time to buy high-quality stocks. Don't let anyone tell you that brand-name, mega-cap stocks can't deliver big-time returns for investors.

  • Investors five-year losses grow to 78% as the stock sheds US$16m this past week

    Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We really hate to see...

  • These Semiconductor Stocks Can Fly Higher This Week (and Beyond)

    Nvidia (NASDAQ: NVDA) and Applied Materials (NASDAQ: AMAT) have handsomely rewarded investors in 2021. Stocks of both tech companies have easily beaten the broader market on the back of impressive growth in revenue and earnings, which is being driven by favorable demand trends in their respective end markets. The good news for investors is that both stocks could get a nice shot in the arm when they release their quarterly results.

  • 3 Stocks to Avoid This Week

    These investments seem pretty vulnerable right now.

  • 3 Stocks That Cut You a Check Each Month

    These three real estate investment trusts (REITs) combine a nice dividend yield with a monthly payout.

  • 3 Top Growth Stocks That Could Be the Next 10-Baggers

    With that in mind, we asked a group of Motley Fool contributors to give us their best ideas for disruptive growth stocks that could ultimately become 10-baggers. Danny Vena (Upstart Holdings): If there's ever been an area that's ripe for disruption, it's consumer lending. Unfortunately, the rules-based systems employed by many banks are limited to just a few variables, leaving many would-be loan recipients out in the cold.

  • Nvidia’s Q2 Revenue to Jump Over 60%, Earnings Could Disappoint

    The Santa Clara, California- based multinational technology company, Nvidia is expected to report its second-quarter earnings of $1.02 per share, which represents year-over-year growth of over 50% from $2.18 per share seen in the same period a year ago.

  • 5 No-Brainer Stocks to Invest $500 In Right Now

    The first no-brainer buy that could make long-term investors richer is specialty biotech stock Vertex Pharmaceuticals (NASDAQ: VRTX). Vertex has lagged the broader market badly after two clinical treatments for alpha-1 antitrypsin deficiency were discontinued following mid-stage trials. CF has no cure, but Vertex's four generations of therapies have helped to improve lung function for those who have CF.

  • Child tax credits were deposited Friday: What it means if yours didn't come

    The IRS said the August child tax credit payment was set for Aug. 13. But some families saw no 'pending' notices in bank accounts Thursday.

  • 3 Top Cloud Computing Stocks to Buy Right Now

    There are no guarantees in investing, but the growth of cloud computing is as sure a bet as one can make for the upcoming decade. The pandemic accelerated what was already a big shift among businesses moving many of their computing workloads to the public cloud. Research firm Gartner projects overall cloud services to grow 23.1% this year and 19.6% next year, reaching nearly $400 billion in spending across cloud-based infrastructure, platforms, software, security, and business process spend.

  • This Massive Catalyst Could Supercharge AMD in the Long Run

    The tech company has started making progress in a lucrative market that could add billions to its revenue.

  • Ranking the Currencies That Could Unseat the Dollar

    The dollar's share of global reserves has declined steadily for years. Will the euro, yuan or bitcoin take its place at the center of global finance?

  • 3 High-Yield Dividend Stocks Perfect to Own When the Market Crashes

    Experienced investors know that it's almost impossible to time stock market crashes with a high level of consistency. Keith Noonan: Broadcom (NASDAQ: AVGO) provides wireless connectivity chips used by Apple and other mobile hardware producers, and it's also a rising player in the infrastructure and security software markets. The stock pays a dividend yielding roughly 2.9%, and the company is trading at roughly 17.5 times this year's expected earnings.

  • There are new federal rules involving 401(k) rollovers to IRAs. Here's what to know

    The new federal guidelines focus on potential conflicts of interest and what obligations your adviser owes you to help you make wise financial choices