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Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Investar Holding Corporation (NASDAQ:ISTR), that sends out a positive message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Investar Holding
Investar Holding Insider Transactions Over The Last Year
Notably, that recent purchase by William Hidalgo is the biggest insider purchase of Investar Holding shares that we've seen in the last year. That implies that an insider found the current price of US$12.38 per share to be enticing. 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. 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 insiders purchased 19.52k shares for US$253k. But insiders sold 6.81k shares worth US$140k. In total, Investar Holding insiders bought more than they sold over the last year. Their average price was about US$12.98. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Investar Holding is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Investar Holding Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Investar Holding. In total, insiders bought US$245k 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 Of Investar Holding
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. Insiders own 6.6% of Investar Holding shares, worth about US$8.1m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.