Yahoo Finance Insider Spends US$980k Buying More Shares In Rekor Systems
Rekor Systems, Inc. (NASDAQ:REKR) shareholders (or potential shareholders) will be happy to see that the Founder & Executive Chairman, Robert Berman, recently bought a whopping US$980k worth of stock, at a price of US$1.40. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 27%.
See our latest analysis for Rekor Systems
Rekor Systems Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Berman is the biggest insider purchase of Rekor Systems shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$1.55. 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 Rekor Systems share holders is that insiders were buying at near the current price.
Rekor Systems insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Rekor Systems is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Rekor Systems
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Rekor Systems insiders own 3.9% of the company, worth about US$5.2m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Rekor Systems Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Rekor Systems stock. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for Rekor Systems (1 can't be ignored) you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
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