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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Custom Truck One Source, Inc.'s (NYSE:CTOS) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Custom Truck One Source
Custom Truck One Source Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President of Sales Joseph Ross for US$335k worth of shares, at about US$3.98 per share. We do like to see buying, but this purchase was made at well below the current price of US$4.76. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Custom Truck One Source insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Custom Truck One Source is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Custom Truck One Source insiders own about US$45m worth of shares. That equates to 4.2% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Custom Truck One Source Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Custom Truck One Source and we see no evidence to suggest they are worried about the future. 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.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.