Even if it’s not a huge purchase, we think it was good to see that David Pelizzon, a Alphatec Holdings, Inc. (NASDAQ:ATEC) insider, recently shelled out US$71k to buy stock, at US$13.00 per share. However, it only increased their shares held by 2.0%, and it wasn’t a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Alphatec Holdings
In the last twelve months, the biggest single purchase by an insider was when insider Jennifer Pritzker bought US$15m worth of shares at a price of US$11.11 per share. So it’s clear an insider wanted to buy, at around the current price, which is US$11.60. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. Happily, the Alphatec Holdings insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 1.50m shares worth US$17m. But they sold 10.00k shares for US$148k. In total, Alphatec Holdings insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Alphatec Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Alphatec Holdings insiders own 13% of the company, currently worth about US$147m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Alphatec Holdings Tell Us?
The recent insider purchases are 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. When combined with notable insider ownership, these factors suggest Alphatec Holdings insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Alphatec Holdings. In terms of investment risks, we’ve identified 3 warning signs with Alphatec Holdings and understanding these should be part of your investment process.
Of course Alphatec Holdings 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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