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Even if it's not a huge purchase, we think it was good to see that Gregory Christenson, the Independent Director of Stryve Foods, Inc. (NASDAQ:SNAX) recently shelled out US$63k to buy stock, at US$4.22 per share. Even though that isn't a massive buy, it did increase their holding by 998%, which is arguably a good sign.
See our latest analysis for Stryve Foods
Stryve Foods Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder & Chairman Ted Casey for US$90k worth of shares, at about US$5.97 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$4.23). 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Stryve Foods insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 8.3% of Stryve Foods shares, worth about US$7.1m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Stryve Foods Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Stryve Foods stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Stryve Foods. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Stryve Foods.