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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Fox Factory Holding Corp. (NASDAQ:FOXF), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Fox Factory Holding
The Last 12 Months Of Insider Transactions At Fox Factory Holding
In the last twelve months, the biggest single purchase by an insider was when CEO & Director Michael Dennison bought US$498k worth of shares at a price of US$44.30 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$39.32). 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months insiders purchased 21.05k shares for US$892k. On the other hand they divested 10.00k shares, for US$411k. In the last twelve months there was more buying than selling by Fox Factory Holding insiders. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Fox Factory Holding Insiders Bought Stock Recently
There has been significantly more insider buying, than selling, at Fox Factory Holding, over the last three months. Insiders spent US$393k on shares. But President of Specialty Sports Group Christopher Tutton sold shares worth US$322k. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
Insider Ownership Of Fox Factory Holding
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 0.4% of Fox Factory Holding shares, worth about US$6.5m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.