Insider Spends US$105k Buying More Shares In Cytosorbents

Investors who take an interest in Cytosorbents Corporation (NASDAQ:CTSO) should definitely note that the CEO & Director, Phillip Chan, recently paid US$0.40 per share to buy US$105k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 23%.

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Cytosorbents Insider Transactions Over The Last Year

Notably, that recent purchase by Phillip Chan is the biggest insider purchase of Cytosorbents shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$0.44. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Cytosorbents insiders were buying shares, but not selling. 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 Cytosorbents

Cytosorbents is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Cytosorbents

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From our data, it seems that Cytosorbents insiders own 14% of the company, worth about US$3.9m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Cytosorbents Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Cytosorbents insiders are expecting a bright future. 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. Case in point: We've spotted 3 warning signs for Cytosorbents you should be aware of, and 1 of them makes us a bit uncomfortable.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.