Finance

What the Insider Data Suggests About Teladoc, Inc. (TDOC)

Recent insider trends for Teladoc, Inc. (NYSE:TDOC) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. TDOC’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 130.67% of Teladoc, Inc. (TDOC)’s shares. The total value of these holdings, in millions, is $2,546. Among active positions in the latest quarter, 134 holders increased their positions by a total of 18.03 million shares, 66 holders decreased the positions by a total of 8.32 million shares, and 17 holders held their positions. This works out to a net increase in ownership of 9.71 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 46 holders initiated new positions by a total of 6.4 million shares and 26 holders exited their positions by a total of 1.25 million shares. This nets out to an increase of 5.15 million shares and is a bullish sign for TDOC.

In the last three months, insiders executed a total of 2 trades. 2 were sells. Insider ownership decreased by a total of 130000 shares, which suggests that TDOC’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 3 buys and 22 sells, and ownership decreased by a net of 4.5 million 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. Teladoc, Inc. (NYSE:TDOC)’s short interest is 19.78 million shares, or 40.09% of the float. This represents an increase of 6% 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.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TDOC is a buy, which implies that TDOC 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 Teladoc, Inc. (NYSE:TDOC) is undervalued.

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