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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 CONMED Corporation's (NYSE:CNMD) case, it's fantastic news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At CONMED

Over the last year, we can see that the biggest insider purchase was by President Patrick Beyer for US$205k worth of shares, at about US$68.30 per share. That means that an insider was happy to buy shares at above the current price of US$48.59. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Over the last year, we can see that insiders have bought 7.79k shares worth US$544k. On the other hand they divested 257.00 shares, for US$17k. Overall, CONMED insiders were net buyers during the last year. 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!

See our latest analysis for CONMED

CONMED is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

CONMED Insiders Are Selling The Stock

The last three months saw some CONMED insider selling. Chief Information Officer Richard Glaze only netted US$17k selling shares, in that period. Neither the lack of buying nor the presence of selling is heartening. But the volume sold is so low that it really doesn't bother us.

Insider Ownership Of CONMED

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. It appears that CONMED insiders own 0.8% of the company, worth about US$12m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.