Recent insider trends for Xunlei Limited (NASDAQ:XNET) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. XNET’s insider trading patterns have some implications for where the stock might be headed.
Institutions own 02.46% of Xunlei Limited (XNET)’s shares. The total value of these holdings, in millions, is $100. Among active positions in the latest quarter, 12 holders increased their positions by a total of 319749 shares, 17 holders decreased the positions by a total of 215279 shares, and 10 holders held their positions. This works out to a net increase in ownership of 104470 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 3 holders initiated new positions by a total of 90400 shares and 5 holders exited their positions by a total of 105251 shares. This nets out to a decrease of 14851 shares and is another bearish sign for XNET.
Insider ownership increased by a total of 0 shares, which suggests that XNET’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.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Xunlei Limited (NASDAQ:XNET)’s short interest is 875200 shares, or 3.33% of the float. This represents an increase of 2,365% 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.
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 XNET. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that XNET is a Strong buy, which implies that XNET 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 Xunlei Limited (NASDAQ:XNET) is undervalued.