Eliyahou Harari Adds To CapsoVision Holding

Those following along with CapsoVision, Inc. (NASDAQ:CV) will no doubt be intrigued by the recent purchase of shares by insider Eliyahou Harari, who spent a stonking US$10.0m on stock at an average price of US$5.69. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by -612,359%.

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CapsoVision Insider Transactions Over The Last Year

In fact, the recent purchase by Eliyahou Harari was the biggest purchase of CapsoVision shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$6.17. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for CapsoVision share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 2.79m shares worth US$16m. But insiders sold 1.20k shares worth US$8.6k. In total, CapsoVision insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for CapsoVision

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that CapsoVision insiders own 34% of the company, worth about US$104m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At CapsoVision Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about CapsoVision. That's what I like to see! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for CapsoVision.

But note: CapsoVision may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.