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Multiple insiders secured a larger position in Beyond, Inc. (NYSE:BYON) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Beyond
Beyond Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Marcus Lemonis bought US$1m worth of shares at a price of US$6.37 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$8.92. 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 insiders purchased 300.48k shares for US$2.5m. But they sold 10.41k shares for US$97k. In total, Beyond insiders bought more than they sold over the last year. They paid about US$8.31 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does Beyond Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Beyond insiders own 3.2% of the company, worth about US$13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Beyond Insiders?
It doesn't really mean much that no insider has traded Beyond shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Beyond and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Beyond. You'd be interested to know, that we found 3 warning signs for Beyond and we suggest you have a look.