Multiple insiders secured a larger position in Westrock Coffee Company, LLC (NASDAQ:WEST) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Westrock Coffee Company Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder & Chairman of the Board Joe Ford for US$1.3m worth of shares, at about US$12.15 per share. That implies that an insider found the current price of US$12.24 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Westrock Coffee Company share holders is that insiders were buying at near the current price.
In the last twelve months Westrock Coffee Company insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insiders At Westrock Coffee Company Have Bought Stock Recently
Over the last quarter, Westrock Coffee Company insiders have spent a meaningful amount on shares. Overall, three insiders shelled out US$853k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.
Insider Ownership Of Westrock Coffee Company
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Westrock Coffee Company insiders own 23% of the company, worth about US$203m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Westrock Coffee Company Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Westrock Coffee Company. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Westrock Coffee Company. You'd be interested to know, that we found 1 warning sign for Westrock Coffee Company and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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