Two Healthcare Companies That Insiders Have Bought Recently

At InsiderMonkey, we track insider purchases every day. It is very important to our investment strategy, just like keeping an eye on hedge fund activity. Therefore, in this article, I will look into two companies in the healthcare segment that have seen insiders buy their stock over the past couple of days.

First off is Intrexon Corp (NYSE:XON)¸a $2.5 billion market cap synthetic biology company that designs, builds and regulates gene programs using its proprietary -and complementary- technologies. Over the past month, the company witnessed three significant insider purchases.

Intrexon

Most recently, Randal Kirk, CEO, started a position in the stock with 243,001 shares. He paid $25.72 per share and now owns more than $6.2 million in Intrexon’s stock. In addition, Ian Gregory Frost, Senior Vice President at the company’s Health Sector, acquired 100,000 shares between Feb. 28th and March 4th. Having paid prices ranging from $24.59 per share to $26.04 per share, he now holds more than $2.5 million in stock.

When looking at Intrexon Corp (NYSE:XON)’s fundamentals only it’s easy to see that the company boasts negative margins and returns, while its stock looks somewhat overvalued. However, its growth prospects and upside potential make of this company a much more interesting investment option. In fact, it is not only insiders that are betting on this stock. Major hedge funds including Dan Loeb’s Third Point and David Einhorn’s Greenlight Capital do not only hold millionaire stakes in the company, but also, have increased their positions over the last reported quarter.

The second case I would like to refer to is that of Versartis Inc (NASDAQ:VSAR), a $697 million market cap development stage biopharmaceutical company that went public on a couple of weeks ago. It is currently developing therapeutic proteins for the treatment of metabolic diseases and endocrine disorders. Trying to make the most from it, six insiders (four board directors and two large shareholders) bought the stock over the first week. They purchased, in total, 360,000 shares of the company (60,000 each) for $21.00 per share (except for New Leaf Ventures Ii, L.P., which paid $21.02 per share on March 27th, after the IPO closed).

Once again, there investments are all about growth prospects and upside potential. In fact, since the aforementioned insider purchases, the stock has gained more than 40%. Although we do not have record of any major hedge funds holding this stock -for now, Versartis Inc (NASDAQ:VSAR) is certainly worth watching.

A little bonus: keep an eye on Nanosphere, Inc. (NASDAQ:NSPH), a micro-cap company that develops, manufactures and markets an advanced molecular diagnostics platform that enables sensitive genomic and protein testing on a single platform. Over the past week, three insiders purchased its stock. Furthermore, at least 9 major hedge funds hold stakes in the company.

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Two Oil-Related Services Stocks With Multiple Insider Purchases

Insiders Buy Shares of Methode Electronics Inc. (MEI) & Kratos Defense & Security Solutions, Inc (KTOS)

Two Small-Cap U.S. Regional Bank Stocks That Insiders Love

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!