Recent insider trends for OpGen, Inc. (NASDAQ:OPGN) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. OPGN’s insider trading patterns have some implications for where the stock might be headed.
Institutions own 08.13% of OpGen, Inc. (OPGN)’s shares. The total value of these holdings, in millions, is $1. Among active positions in the latest quarter, 7 holders increased their positions by a total of 117534 shares, 7 holders decreased the positions by a total of 139762 shares, and 7 holders held their positions. This works out to a net decrease in ownership of 22228 shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 5 holders initiated new positions by a total of 55330 shares and 4 holders exited their positions by a total of 130822 shares. This nets out to a decrease of 75492 shares and is another bearish sign for OPGN.
In the last three months, insiders executed a total of 5 trades. 5 of these were buys. Insider ownership increased by a total of 2.06 million shares, which suggests that OPGN’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 5 buys, and ownership increased by a net of 2.06 million shares.
The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. OpGen, Inc. (NASDAQ:OPGN)’s short interest is 3.95 million shares, or 25.72% of the float. This represents a decrease of -7% 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.
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 OPGN is a Weak buy, which implies that OPGN is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that OpGen, Inc. (NASDAQ:OPGN) is undervalued.