In a recent transaction, Jack W. Schuler, a significant shareholder of Yield10 Bioscience, Inc. (NASDAQ:YTEN), sold 36,000 shares of the company's stock. The sale was executed at a price of $0.2 per share, resulting in a total value of $7200. Following this transaction, Schuler's ownership in the company has been adjusted to 63,789 shares.
The transaction, dated December 20, 2023, was disclosed in a filing with the Securities and Exchange Commission. Notably, the filing indicated that the sale was made indirectly by the Jack W. Schuler Living Trust, of which Schuler is the sole trustee. This detail underscores the importance of understanding the context in which insiders hold and trade their shares.
Investors often monitor insider transactions as they can provide insights into a company's financial health and future prospects. In the case of Yield10 Bioscience, the transaction was reported late due to what was described as an "inadvertent administrative error," according to the footnotes in the SEC filing.
Yield10 Bioscience, headquartered in Woburn, Massachusetts, operates in the agricultural sector, focusing on crop production. The company has undergone changes in the past, including a reverse stock split on May 2, 2024, which has been reflected in the adjusted share ownership figures following Schuler's recent transaction.
As shareholders and potential investors consider the implications of insider sales, they will likely continue to follow the trading activity of Yield10 Bioscience's insiders for further indications of the company's trajectory.
InvestingPro Insights
As Yield10 Bioscience, Inc. (NASDAQ:YTEN) experiences significant insider trading activity, it's important to look at the company's financial metrics and market performance for a comprehensive understanding. According to InvestingPro data, Yield10 Bioscience currently has a market capitalization of 1.85 million USD, which reflects the company's valuation in the marketplace.
An examination of the company's price performance reveals a stark downturn, with a 1-year price total return of -96.7%, indicating a substantial decline in the stock's value over the past year. This aligns with one of the InvestingPro Tips that the stock has fared poorly over the last month, with a -64.54% return, and has taken a notable hit over the last week alone, with a -60.76% return. These figures could be a signal to investors about the stock's high volatility and recent negative sentiment in the market.
Furthermore, the financial health of Yield10 Bioscience is a crucial factor for investors to consider. The company's revenue growth for the last twelve months as of Q1 2024 shows a decline of -16.9%, which raises concerns about its sales performance. However, an InvestingPro Tip suggests that analysts anticipate sales growth in the current year, which could indicate a potential turnaround or a positive outlook ahead.
For investors seeking a deeper dive into Yield10 Bioscience's financials and market performance, InvestingPro offers additional insights. There are 17 more InvestingPro Tips available that provide a detailed analysis of the company's prospects and challenges. Interested readers can access these tips by visiting the dedicated page for Yield10 Bioscience at https://www.investing.com/pro/YTEN. Moreover, for those considering an InvestingPro subscription, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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