Yahoo Finance Edwin Miller Bought 1,107% More Shares In Marchex
Potential Marchex, Inc. (NASDAQ:MCHX) shareholders may wish to note that the Chief Executive Officer, Edwin Miller, recently bought US$272k worth of stock, paying US$1.36 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 1,107%.
See our latest analysis for Marchex
Marchex Insider Transactions Over The Last Year
Notably, that recent purchase by Edwin Miller is the biggest insider purchase of Marchex shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (US$1.64), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
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!
Marchex is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Marchex Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.4% of Marchex shares, worth about US$5.2m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Marchex Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Marchex insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Marchex.
Of course Marchex may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
