Yahoo Finance The Lead Independent Director of CommScope Holding Company, Inc. (NASDAQ:COMM), Timothy Yates, Just Bought 11% More Shares
Even if it's not a huge purchase, we think it was good to see that Timothy Yates, the Lead Independent Director of CommScope Holding Company, Inc. (NASDAQ:COMM) recently shelled out US$79k to buy stock, at US$7.86 per share. That purchase might not be huge but it did increase their holding by 11%.
Check out our latest analysis for CommScope Holding Company
The Last 12 Months Of Insider Transactions At CommScope Holding Company
The President Charles Treadway made the biggest insider purchase in the last 12 months. That single transaction was for US$502k worth of shares at a price of US$6.78 each. Even though the purchase was made at a significantly lower price than the recent price (US$7.80), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months CommScope Holding Company insiders were buying shares, but not selling. They paid about US$8.34 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
CommScope Holding Company is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.3% of CommScope Holding Company shares, worth about US$38m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At CommScope Holding Company Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in CommScope Holding Company shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CommScope Holding Company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of CommScope Holding Company.
Of course CommScope Holding Company 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
