Finance

What the Insider Data Suggests About Neptune Technologies & Bioressources Inc. (NEPT)

Recent insider trends for Neptune Technologies & Bioressources Inc. (NASDAQ:NEPT) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how NEPT might perform in the future.

Institutions own 11.36% of Neptune Technologies & Bioressources Inc. (NEPT)’s shares. The total value of these holdings, in millions, is $27. Among active positions in the latest quarter, 9 holders increased their positions by a total of 384094 shares, 7 holders decreased the positions by a total of 594943 shares, and 16 holders held their positions. This works out to a net decrease in ownership of 210849 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 4 holders initiated new positions by a total of 371207 shares and 3 holders exited their positions by a total of 11424 shares. This nets out to an increase of 359783 shares and is a bullish sign for NEPT.

Insider ownership increased by a total of 0 shares, which suggests that NEPT’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. Neptune Technologies & Bioressources Inc. (NASDAQ:NEPT)’s short interest is 297400 shares, or 0.54% of the float. This represents a decrease of -27% 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 NEPT. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NEPT is a Strong buy, which implies that NEPT 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 Neptune Technologies & Bioressources Inc. (NASDAQ:NEPT) is undervalued.

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