Yahoo Finance Pleasing Signs As A Number Of Insiders Buy Turtle Beach Stock
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Turtle Beach Corporation (NASDAQ:HEAR), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Turtle Beach
The Last 12 Months Of Insider Transactions At Turtle Beach
Over the last year, we can see that the biggest insider purchase was by Independent Director William Wyatt for US$203k worth of shares, at about US$16.26 per share. That implies that an insider found the current price of US$16.27 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. 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. Happily, the Turtle Beach insiders decided to buy shares at close to current prices.
In the last twelve months Turtle Beach insiders were buying shares, but not selling. 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!
Turtle Beach is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Turtle Beach Insiders Bought Stock Recently
It's good to see that Turtle Beach insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought US$335k worth of shares. This is a positive in our book as it implies some confidence.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.1% of Turtle Beach shares, worth about US$7.4m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Turtle Beach Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Turtle Beach insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Turtle Beach. You'd be interested to know, that we found 1 warning sign for Turtle Beach and we suggest you have a look.
Of course Turtle Beach 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.
