In This Article:
Investors who take an interest in Custom Truck One Source, Inc. (NYSE:CTOS) should definitely note that the President of Sales, Joseph Ross, recently paid US$3.98 per share to buy US$335k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 19%.
View our latest analysis for Custom Truck One Source
The Last 12 Months Of Insider Transactions At Custom Truck One Source
In the last twelve months, the biggest single purchase by an insider was when Independent Director Mark Ein bought US$496k worth of shares at a price of US$4.96 per share. That means that an insider was happy to buy shares at above the current price of US$4.11. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Custom Truck One Source insiders were buying shares, but not selling. They paid about US$4.45 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Custom Truck One Source 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 Custom Truck One Source Boast High Insider Ownership?
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 4.0% of Custom Truck One Source shares, worth about US$39m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Custom Truck One Source Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Custom Truck One Source shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Custom Truck One Source, you should check out this free report on analyst forecasts for the company.