Yahoo Finance Independent Chairman of the Board Robert Deutschman Just Bought 2.5% More Shares In Digital Turbine, Inc. (NASDAQ:APPS)
Investors who take an interest in Digital Turbine, Inc. (NASDAQ:APPS) should definitely note that the Independent Chairman of the Board, Robert Deutschman, recently paid US$9.80 per share to buy US$147k worth of the stock. Although the purchase only increased their holding by 2.5%, it is still a solid purchase in our view.
See our latest analysis for Digital Turbine
Digital Turbine Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Deutschman is the biggest insider purchase of Digital Turbine shares that we've seen in the last year. That implies that an insider found the current price of US$10.50 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Digital Turbine share holders is that an insider was buying at near the current price. Robert Deutschman was the only individual insider to buy shares in the last twelve months.
Robert Deutschman bought a total of 20.00k shares over the year at an average price of US$9.91. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Digital Turbine is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Digital Turbine
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 3.6% of Digital Turbine shares, worth about US$38m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Digital Turbine Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Digital Turbine we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Digital Turbine.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
