Yahoo Finance Insider Buying: The Aviat Networks, Inc. (NASDAQ:AVNW) Independent Director Just Bought 62% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Aviat Networks, Inc. (NASDAQ:AVNW) Independent Director, Somesh Singh, recently bought US$62k worth of stock, for US$30.79 per share. While that isn't the hugest buy, it actually boosted their shareholding by 62%, which is good to see.
See our latest analysis for Aviat Networks
The Last 12 Months Of Insider Transactions At Aviat Networks
In fact, the recent purchase by Somesh Singh was the biggest purchase of Aviat Networks shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$30.34 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Somesh Singh.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Aviat Networks 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.
Insider Ownership of Aviat Networks
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. Aviat Networks insiders own about US$15m worth of shares. That equates to 4.3% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Aviat Networks Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Aviat Networks we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Aviat Networks has 4 warning signs (2 don't sit too well with us!) that deserve your attention before going any further with your analysis.
Of course Aviat Networks 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.
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.
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