Finance

Analyzing the Insider Data for Bed Bath & Beyond Inc. (BBBY)

Recent insider trends for Bed Bath & Beyond Inc. (NASDAQ:BBBY) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. BBBY’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 93.54% of Bed Bath & Beyond Inc. (BBBY)’s shares. The total value of these holdings, in millions, is $2,888. Among active positions in the latest quarter, 173 holders increased their positions by a total of 26.89 million shares, 216 holders decreased the positions by a total of 34.67 million shares, and 42 holders held their positions. This works out to a net decrease in ownership of 7.79 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 59 holders initiated new positions by a total of 4.43 million shares and 82 holders exited their positions by a total of 7.67 million shares. This nets out to a decrease of 3.25 million shares and is another bearish sign for BBBY.

In the last three months, insiders executed a total of 1 trades. 1 were sells. Insider ownership decreased by a total of 16957 shares, which suggests that BBBY’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 9 buys and 32 sells, and ownership decreased by a net of 507351 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. Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s short interest is 17.19 million shares, or 12.85% of the float. This represents a decrease of -15% 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.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that BBBY is a buy, which implies that BBBY 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 bearish. Technical indicators (also) suggest that Bed Bath & Beyond Inc. (NASDAQ:BBBY) is undervalued.

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