Finance

What the Insider Data Suggests About Control4 Corporation (CTRL)

Recent insider trends for Control4 Corporation (NASDAQ:CTRL) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CTRL is anything to go by, investors should pay attention.

Institutions own 77.36% of Control4 Corporation (CTRL)’s shares. The total value of these holdings, in millions, is $616. Among active positions in the latest quarter, 97 holders increased their positions by a total of 5.13 million shares, 63 holders decreased the positions by a total of 4.09 million shares, and 17 holders held their positions. This works out to a net increase in ownership of 1.04 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 50 holders initiated new positions by a total of 1.23 million shares and 22 holders exited their positions by a total of 1.11 million shares. This nets out to an increase of 117430 shares and is a bullish sign for CTRL.

In the last three months, insiders executed a total of 19 trades. 19 were sells. Insider ownership decreased by a total of 288205 shares, which suggests that CTRL’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 6 buys and 68 sells, and ownership decreased by a net of 741753 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Control4 Corporation (NASDAQ:CTRL)’s short interest is 1.3 million shares, or 5.95% of the float. This represents a decrease of -13% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for CTRL. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CTRL is a Strong buy, which implies that CTRL is expected to outperform 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 bearish. Technical indicators (also) suggest that Control4 Corporation (NASDAQ:CTRL) is undervalued.

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