Investors who take an interest in Sight Sciences, Inc. (NASDAQ:SGHT) should note that the Independent Chairman, Staffan Encrantz, recently paid US$2.39 per share to buy US$450k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 14%.
Notably, that recent purchase by Staffan Encrantz is the biggest insider purchase of Sight Sciences shares that we've seen in the last year. That implies that an insider found the current price of US$2.50 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Sight Sciences insider decided to buy shares at close to current prices. Staffan Encrantz was the only individual insider to buy shares in the last twelve months.
Staffan Encrantz bought a total of 319.26k shares over the year at an average price of US$2.30.
https://finance.yahoo.com/news/independent-chairman-sight-sciences-picks-101815984.html
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