On December 5, 2024, Robert Hayes, the CEO of Sharps Technology Inc, acquired 5,000 shares of the company (STSS, Financial). Following this transaction, the insider now holds a total of 100,882 shares in the company. The purchase was documented in an SEC Filing.
Sharps Technology Inc (STSS) is a company focused on the development and manufacturing of innovative drug delivery systems. The company's products aim to enhance the safety and efficiency of medical injections.
The insider's recent acquisition is part of a broader trend of insider buying within the company. Over the past year, Robert Hayes has purchased a total of 35,200 shares, with no recorded sales. This aligns with the overall insider activity at Sharps Technology Inc, where there have been six insider buys and zero insider sells in the past year.
On the day of the insider's recent purchase, shares of Sharps Technology Inc were trading at $2.01 each, resulting in a market cap of $3.686 million for the company. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future prospects.
For further insights into the company's valuation, investors can explore metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
