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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Xerox Holdings Corporation's (NASDAQ:XRX) instance, it's good 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.
The Last 12 Months Of Insider Transactions At Xerox Holdings
Notably, that recent purchase by A. Letier is the biggest insider purchase of Xerox Holdings shares that we've seen in the last year. That implies that an insider found the current price of US$4.90 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Xerox Holdings insiders were buying shares, but not selling. 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!
View our latest analysis for Xerox Holdings
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).
Xerox Holdings Insiders Bought Stock Recently
Over the last quarter, Xerox Holdings insiders have spent a meaningful amount on shares. Overall, four insiders shelled out US$364k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.
Does Xerox Holdings 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. We usually like to see fairly high levels of insider ownership. Xerox Holdings insiders own about US$45m worth of shares. That equates to 7.4% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.