Yahoo Finance Insider Spends US$434k Buying More Shares In Lovesac
Investors who take an interest in The Lovesac Company (NASDAQ:LOVE) should definitely note that the Chairman of the Board, Andrew Heyer, recently paid US$19.72 per share to buy US$434k worth of the stock. Although the purchase only increased their holding by 6.9%, it is still a solid purchase in our view.
Check out our latest analysis for Lovesac
The Last 12 Months Of Insider Transactions At Lovesac
Over the last year, we can see that the biggest insider sale was by the Founder, Shawn Nelson, for US$469k worth of shares, at about US$24.84 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$20.80). So it may not tell us anything about how insiders feel about the current share price. Shawn Nelson was the only individual insider to sell over the last year.
Andrew Heyer purchased 34.87k shares over the year. The average price per share was US$21.57. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Lovesac is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Lovesac Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Lovesac insiders own 6.1% of the company, worth about US$20m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Lovesac Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Lovesac shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
