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Potential Digital Turbine, Inc. (NASDAQ:APPS) shareholders may wish to note that the Independent Chairman of the Board, Robert Deutschman, recently bought US$141k worth of stock, paying US$1.41 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.
View our latest analysis for Digital Turbine
The Last 12 Months Of Insider Transactions At Digital Turbine
In fact, the recent purchase by Robert Deutschman was the biggest purchase of Digital Turbine shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$1.49. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Robert Deutschman was the only individual insider to buy during the last year.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Digital Turbine 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 Digital Turbine Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Digital Turbine insiders own about US$6.9m worth of shares (which is 4.9% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Digital Turbine Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Digital Turbine insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Digital Turbine. To that end, you should learn about the 4 warning signs we've spotted with Digital Turbine (including 2 which make us uncomfortable).