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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 DENTSPLY SIRONA Inc. (NASDAQ:XRAY), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
DENTSPLY SIRONA Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Chairman Gregory Lucier bought US$250k worth of shares at a price of US$16.51 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$13.58). 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. To us, it's very important to consider the price insiders pay for shares. 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.
DENTSPLY SIRONA insiders may have bought shares in the last year, but they didn't sell any. Their average price was about US$19.45. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for DENTSPLY SIRONA
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).
DENTSPLY SIRONA Insiders Bought Stock Recently
Over the last quarter, DENTSPLY SIRONA insiders have spent a meaningful amount on shares. Specifically, Independent Chairman Gregory Lucier bought US$250k worth of shares in that time, and we didn't record any sales whatsoever. This could be interpreted as suggesting a positive outlook.
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. DENTSPLY SIRONA insiders own about US$10m worth of shares. That equates to 0.4% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.