Hansen Medical: 4 Different Insiders Have Purchased Shares This Month

May.15.14 | About: Hansen Medical, (HNSN)

Summary

4 insiders purchased Hansen Medical stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

3 of these 4 insiders increased their holdings by more than 10%.

Hansen Medical (NASDAQ:HNSN) develops, manufactures, and sells medical robotics designed for the positioning, manipulation, and control of catheters and catheter-based technologies.

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Insider buying during the last 30 days

Here is a table of Hansen Medical's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Marjorie Bowen Director May 13 9,789 87,780 shares +12.6%
Michael Eagle Director May 13 10,000 26,250 shares +61.5%
Stephen Newman Director May 13 8,000 128,821 shares +6.6%
Nadim Yared Director May 13 2,143 22,216 shares +10.7%
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There have been 29,932 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Hansen Medical's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
May 2014 29,932 0
April 2014 0 0
March 2014 10,000 35,589
February 2014 0 78,809
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 8,101,810 0
July 2013 1,147,484 0
June 2013 0 0
May 2013 83,613 0
April 2013 0 0
March 2013 65,900 50,891
February 2013 130,353 0
January 2013 101,851 0
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There have been 9,670,943 shares purchased and there have been 165,289 shares sold by insiders since January 2013.

Financials

Hansen Medical reported the first-quarter financial results on May 7 with the following highlights:

Revenue $3.7 million
Net loss $14.4 million
Cash $33.0 million
Debt $33.6 million
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The four insiders purchased their shares after these results.

Competition

Hansen Medical's competitors include Medtronic (NYSE:MDT) and Intuitive Surgical (NASDAQ:ISRG). Here is a table comparing these companies.

Company HNSN MDT ISRG
Market Cap: 127.10M 60.70B 14.27B
Employees: 171 46,659 2,739
Qtrly Rev Growth (yoy): 0.25 0.03 -0.24
Revenue: 17.73M 16.90B 2.12B
Gross Margin: 0.19 0.75 0.70
EBITDA: -43.65M 5.67B 797.10M
Operating Margin: -2.62 0.29 0.34
Net Income: -52.98M 3.59B 526.40M
P/E: N/A 17.23 27.91
PEG (5 yr expected): 0.02 2.52 11.52
P/S: 7.17 3.60 6.63
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Hansen Medical has the fastest revenue growth among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
MDT 0 68,600
ISRG 0 1,648
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Only Hansen Medical has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Hansen Medical, and there have not been any insiders selling Hansen Medical during the last 30 days. Three of these four insiders increased their holdings by more than 10%. Hansen Medical has an insider ownership of 22.76%.

The four insiders purchased their shares at prices ranging from $1.19 to $1.27. I believe Hansen Medical could be a good pick below $1.27 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in HNSN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.