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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Synchronoss Technologies, Inc.'s (NASDAQ:SNCR) case, it's fantastic news for shareholders.
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 Synchronoss Technologies
The Last 12 Months Of Insider Transactions At Synchronoss Technologies
The Executive Vice President Taylor Greenwald made the biggest insider purchase in the last 12 months. That single transaction was for US$128k worth of shares at a price of US$1.32 each. That means that an insider was happy to buy shares at above the current price of US$0.95. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Synchronoss Technologies insiders bought shares during the last year, they didn't sell. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Synchronoss Technologies
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. We usually like to see fairly high levels of insider ownership. From our data, it seems that Synchronoss Technologies insiders own 7.1% of the company, worth about US$5.8m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Synchronoss Technologies Tell Us?
The fact that there have been no Synchronoss Technologies insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Synchronoss Technologies insiders bought more shares in the company. While we like knowing 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. Our analysis shows 3 warning signs for Synchronoss Technologies (1 is concerning!) and we strongly recommend you look at these before investing.