On December 5, 2024, Robert Hayes, the CEO of Sharps Technology Inc, acquired 5,000 shares of the company, according to a recent SEC Filing. This transaction brings the insider's total ownership to 9,358 shares.
Sharps Technology Inc (STSS, Financial) 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 purchase is part of a broader trend of insider buying within the company. Over the past year, Robert Hayes has purchased a total of 40,200 shares and has not sold any shares. The overall insider transaction history for Sharps Technology Inc indicates 7 insider buys and 0 insider sells over the same period.
On the day of the recent purchase, shares of Sharps Technology Inc were trading at $2.01 each, resulting in a market cap of $3.614 million. Investors may consider this insider activity as a potential indicator of confidence in the company's future prospects.
For more detailed information on the company's valuation metrics, such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, investors can explore further on the Gurufocus platform.
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.
