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Insiders who bought US$89.2k worth of Alta Equipment Group Inc.'s (NYSE:ALTG) stock at an average buy price of US$6.37 over the last year may be disappointed by the recent 19% decrease in the stock. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth US$56.3k, which is not great.
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.
Alta Equipment Group Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Andrew Studdert for US$56k worth of shares, at about US$5.65 per share. That means that even when the share price was higher than US$4.02 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Over the last year, we can see that insiders have bought 14.00k shares worth US$89k. But they sold 5.29k shares for US$26k. In the last twelve months there was more buying than selling by Alta Equipment Group insiders. The average buy price was around US$6.37. 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. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Alta Equipment Group
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Alta Equipment Group Insiders Are Selling The Stock
The last three months saw some Alta Equipment Group insider selling. Chief Operating Officer Craig Brubaker only netted US$26k selling shares, in that period. Neither the lack of buying nor the presence of selling is heartening. But the selling simply isn't sufficiently substantial to be of much use as a signal.