A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $149.8K invested across 3 purchases by Matthew Pauls, CHIEF EXECUTIVE OFFICER at Savara Inc (NASDAQ:SVRA).
Pauls bets big on SVRA:
Purchased
Insider
Title
Shares
Price/Share
Value
02/22/2021
Matthew Pauls
CHIEF EXECUTIVE OFFICER
28,700
$1.74
$50,038.45
03/22/2021
Matthew Pauls
CHIEF EXECUTIVE OFFICER
24,100
$2.07
$49,937.61
04/19/2021
Matthew Pauls
CHIEF EXECUTIVE OFFICER
27,400
$1.82
$49,870.74
Pauls's average cost works out to $1.87/share. In trading on Tuesday, bargain hunters could buy shares of Savara Inc (NASDAQ:SVRA) and achieve a cost basis lower than Pauls, with shares changing hands as low as $1.75 per share. Shares of Savara Inc were changing hands at $1.78 at last check, trading off about 5.4% on Tuesday. The chart below shows the one year performance of SVRA shares, versus its 200 day moving average:
Looking at the chart above, SVRA's low point in its 52 week range is $0.9952 per share, with $3.17 as the 52 week high point — that compares with a last trade of $1.78.
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