An Insider Just Bought Shares of Neogen Corp; Could This Stock Be a Value Opportunity?

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Sep 29, 2022
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The latest data from GuruFocus shows that President & CEO N/A bought 22000 shares of Neogen Corp (NEOG) on 2022-09-28. 0C00000BR8.png

When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if Neogen Corp deserves the attention of investors.

John Adent’s trades

Over the past year, John Adent has purchased 0 shares in total.

This means that John Adent has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.

Insider trends

Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?

The insider transaction history for Neogen Corp shows than there have been 8 insiders buys in total over the past year. Meanwhile, there have been 4 insider sells over the same timeframe.

We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.

Valuation

Shares of Neogen Corp were trading for $14.45 apice on the day of John Adent’s recent buy. This gives the stock a market cap of $3177.067 Millions.

The price-earnings ratio is 32.75, which is higher than the industry median of 18.31 and lower than the company’s historical median price-earnings ratio.

With a price of $14.45 and a GuruFocus Value $58.81, Neogen Corp has a price-to-GF-Value ratio of 0.25. This means the stock is {SIGNIFICANTLY OVERVALUED / MODESTLY OVERVALUED / FAIRLY VALUED / MODESTLY UNDERVALUED / SIGNIFICANTLY UNDERVALUED / A POSSIBLE VALUE TRAP} based on its GF Value.

Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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