Finance

Are Achaogen, Inc. (AKAO)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Achaogen, Inc. (NASDAQ:AKAO) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of AKAO, the data has a lot to say about how the stock might perform going forward.

Institutions own 85.77% of Achaogen, Inc. (AKAO)’s shares. The total value of these holdings, in millions, is $424. Among active positions in the latest quarter, 55 holders increased their positions by a total of 5.18 million shares, 49 holders decreased the positions by a total of 4.33 million shares, and 15 holders held their positions. This works out to a net increase in ownership of 841686 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 15 holders initiated new positions by a total of 833071 shares and 22 holders exited their positions by a total of 2.56 million shares. This nets out to a decrease of 1.73 million shares and is another bearish sign for AKAO.

In the last three months, insiders executed a total of 3 trades. 3 of these were buys. Insider ownership increased by a total of 160012 shares, which suggests that AKAO’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 7 buys and 13 sells, and ownership increased by a net of 222170 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Achaogen, Inc. (NASDAQ:AKAO)’s short interest is 10.19 million shares, or 53.35% 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 AKAO is a Weak buy, which implies that AKAO 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 bullish. Technical indicators (also) suggest that Achaogen, Inc. (NASDAQ:AKAO) is undervalued.

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