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Whilst it may not be a huge deal, we thought it was good to see that the Hyliion Holdings Corp. (NYSE:HYLN) Chief Commercial Officer, Govindaraj Ramasamy, recently bought US$58k worth of stock, for US$1.92 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 46%.
View our latest analysis for Hyliion Holdings
Hyliion Holdings Insider Transactions Over The Last Year
The Founder Thomas Healy made the biggest insider purchase in the last 12 months. That single transaction was for US$158k worth of shares at a price of US$0.64 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$2.10. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 645.00k shares for US$450k. But insiders sold 37.50k shares worth US$23k. In the last twelve months there was more buying than selling by Hyliion Holdings insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Hyliion Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Hyliion Holdings Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Hyliion Holdings insiders own 24% of the company, worth about US$81m. 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 Hyliion Holdings Insiders?
It's certainly positive to see the recent insider purchase. 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 Hyliion Holdings shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of 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. To help with this, we've discovered 3 warning signs (2 are a bit unpleasant!) that you ought to be aware of before buying any shares in Hyliion Holdings.