Recent insider trends for Endo International plc (NASDAQ:ENDP) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of ENDP, the data has a lot to say about how the stock might perform going forward.
Institutions own 92.33% of Endo International plc (ENDP)’s shares. The total value of these holdings, in millions, is $1,851. Among active positions in the latest quarter, 142 holders increased their positions by a total of 20.8 million shares, 128 holders decreased the positions by a total of 26.79 million shares, and 24 holders held their positions. This works out to a net decrease in ownership of 5.99 million shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 47 holders initiated new positions by a total of 4.73 million shares and 39 holders exited their positions by a total of 4.12 million shares. This nets out to an increase of 604251 shares and is a bullish sign for ENDP.
In the last three months, insiders executed a total of 13 trades. 10 of these were buys and 3 were sells. Insider ownership increased by a total of 857409 shares, which suggests that ENDP’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 24 buys and 24 sells, and ownership increased by a net of 1.34 million shares.
Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Endo International plc (NASDAQ:ENDP)’s short interest is 21.31 million shares, or 10.69% of the float. This represents a decrease of -10% 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.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ENDP is a Strong sell, which implies that ENDP is expected to underperform 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 Endo International plc (NASDAQ:ENDP) is overvalued.