Finance

What do Insider Trends Have to Say About Novavax, Inc. (NVAX)?

Recent insider trends for Novavax, Inc. (NASDAQ:NVAX) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on NVAX is anything to go by, investors should pay attention.

Institutions own 35.68% of Novavax, Inc. (NVAX)’s shares. The total value of these holdings, in millions, is $245. Among active positions in the latest quarter, 49 holders increased their positions by a total of 13.38 million shares, 46 holders decreased the positions by a total of 20.88 million shares, and 42 holders held their positions. This works out to a net decrease in ownership of 7.51 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 10 holders initiated new positions by a total of 966420 shares and 10 holders exited their positions by a total of 107291 shares. This nets out to an increase of 859129 shares and is a bullish sign for NVAX.

In the last three months, insiders executed a total of 2 trades. 2 of these were buys. Insider ownership increased by a total of 110000 shares, which suggests that NVAX’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 11 buys and 2 sells, and ownership increased by a net of 152051 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Novavax, Inc. (NASDAQ:NVAX)’s short interest is 42.86 million shares, or 16.04% of the float. This represents a decrease of -1% 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.

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 NVAX. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NVAX is a Strong buy, which implies that NVAX 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 Novavax, Inc. (NASDAQ:NVAX) is undervalued.

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