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Investors who take an interest in Custom Truck One Source, Inc. (NYSE:CTOS) should definitely note that the Executive Vice President of Rentals, Thomas Rich, recently paid US$7.62 per share to buy US$114k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 72%, potentially signalling some real optimism.
The Last 12 Months Of Insider Transactions At Custom Truck One Source
The Independent Director Mark Ein made the biggest insider purchase in the last 12 months. That single transaction was for US$5.0m worth of shares at a price of US$5.00 each. Even though the purchase was made at a significantly lower price than the recent price (US$7.47), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Custom Truck One Source insiders may have bought shares in the last year, but they didn't sell any. 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!
Custom Truck One Source is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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 3.9% of Custom Truck One Source shares, worth about US$72m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Custom Truck One Source Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Custom Truck One Source shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Custom Truck One Source is showing 2 warning signs in our investment analysis, and 1 of those is a bit unpleasant...
Of course Custom Truck One Source 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, but not derivative transactions.
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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.