Recent insider trends for Strata Skin Sciences, Inc. (NASDAQ:SSKN) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of SSKN, the data has some interesting implications for where the stock might be headed.
Institutions own 25.42% of Strata Skin Sciences, Inc. (SSKN)’s shares. The total value of these holdings, in millions, is $1. Among active positions in the latest quarter, 13 holders increased their positions by a total of 253026 shares, 8 holders decreased the positions by a total of 167669 shares, and 5 holders held their positions. This works out to a net increase in ownership of 85357 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 6 holders initiated new positions by a total of 128011 shares and 4 holders exited their positions by a total of 37700 shares. This nets out to an increase of 90311 shares and is a bullish sign for SSKN.
Insider ownership increased by a total of 0 shares, which suggests that SSKN’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. Strata Skin Sciences, Inc. (NASDAQ:SSKN)’s short interest is 119900 shares, or 6.92% of the float. This represents an increase of 64% 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 SSKN is a sell, which implies that SSKN 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 Strata Skin Sciences, Inc. (NASDAQ:SSKN) is overvalued.