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Founder of Celldex Therapeutics Anthony Marucci Buys 40% More Shares

Simply Wall St ·  Nov 15 03:17

Potential Celldex Therapeutics, Inc. (NASDAQ:CLDX) shareholders may wish to note that the Founder, Anthony Marucci, recently bought US$308k worth of stock, paying US$26.82 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 40%.

Celldex Therapeutics Insider Transactions Over The Last Year

The Senior VP & Chief Medical Officer, Diane Young, made the biggest insider sale in the last 12 months. That single transaction was for US$1.6m worth of shares at a price of US$35.26 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$25.74. So it may not tell us anything about how insiders feel about the current share price.

In total, Celldex Therapeutics insiders sold more than they bought 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!

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NasdaqCM:CLDX Insider Trading Volume November 15th 2024

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Celldex Therapeutics

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own US$4.9m worth of Celldex Therapeutics stock, about 0.3% of the company. We consider this fairly low insider ownership.

So What Do The Celldex Therapeutics Insider Transactions Indicate?

The recent insider purchase is heartening. On the other hand the transaction history, over the last year, isn't so positive. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Celldex Therapeutics.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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