Yahoo Finance Insider Buying: The Cvent Holding Corp. (NASDAQ:CVT) Independent Director Just Bought 57% More Shares
Investors who take an interest in Cvent Holding Corp. (NASDAQ:CVT) should definitely note that the Independent Director, James Frankola, recently paid US$5.52 per share to buy US$110k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 57%, potentially signalling some real optimism.
Check out our latest analysis for Cvent Holding
The Last 12 Months Of Insider Transactions At Cvent Holding
In fact, the recent purchase by Independent Director James Frankola was not their only acquisition of Cvent Holding shares this year. They previously made an even bigger purchase of US$143k worth of shares at a price of US$7.13 per share. That means that an insider was happy to buy shares at above the current price of US$5.28. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was James Frankola.
James Frankola bought 55.00k shares over the last 12 months at an average price of US$6.59. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Cvent Holding is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Cvent Holding Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Cvent Holding insiders own 5.0% of the company, currently worth about US$127m based on the recent share price. 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 Does This Data Suggest About Cvent Holding Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Cvent Holding. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cvent Holding. At Simply Wall St, we've found that Cvent Holding has 4 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.
Of course Cvent Holding may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
