Finance

Analyzing the Insider Data for Stratasys Ltd. (SSYS)

Recent insider trends for Stratasys Ltd. (NASDAQ:SSYS) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of SSYS, the data has some interesting implications for where the stock might be headed.

Institutions own 71.84% of Stratasys Ltd. (SSYS)’s shares. The total value of these holdings, in millions, is $830. Among active positions in the latest quarter, 74 holders increased their positions by a total of 4.41 million shares, 74 holders decreased the positions by a total of 2.09 million shares, and 43 holders held their positions. This works out to a net increase in ownership of 2.31 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 25 holders initiated new positions by a total of 445227 shares and 23 holders exited their positions by a total of 237103 shares. This nets out to an increase of 208124 shares and is a bullish sign for SSYS.

Insider ownership increased by a total of 0 shares, which suggests that SSYS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story:  ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Stratasys Ltd. (NASDAQ:SSYS)’s short interest is 9.07 million shares, or 17.44% of the float. This represents an increase of 28% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SSYS is a sell, which implies that SSYS is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Stratasys Ltd. (NASDAQ:SSYS) is overvalued.

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