Yahoo Finance One Innovative Solutions and Support Insider Raised Stake By 14% In Previous Year
Insiders were net buyers of Innovative Solutions and Support, Inc.'s (NASDAQ:ISSC ) stock during the past year. That is, insiders bought more stock than they sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Innovative Solutions and Support
The Last 12 Months Of Insider Transactions At Innovative Solutions and Support
Over the last year, we can see that the biggest insider purchase was by Independent Chairman & Presiding Director Glen Bressner for US$78k worth of shares, at about US$7.85 per share. That means that an insider was happy to buy shares at above the current price of US$6.63. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Glen Bressner was the only individual insider to buy shares in the last twelve months.
Glen Bressner bought a total of 15.00k shares over the year at an average price of US$7.62. 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!
Innovative Solutions and Support 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 Innovative Solutions and Support 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 33% of Innovative Solutions and Support shares, worth about US$38m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Innovative Solutions and Support Insiders?
It doesn't really mean much that no insider has traded Innovative Solutions and Support shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Innovative Solutions and Support and we see no evidence to suggest they are worried about the future. Along with insider transactions, I recommend checking if Innovative Solutions and Support is growing revenue. This free chart of historic revenue and earnings should make that easy.
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.
