Potential Topgolf Callaway Brands Corp. (NYSE:MODG) shareholders may wish to note that the Independent Director, Russell Fleischer, recently bought US$192k worth of stock, paying US$6.41 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 35%.

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Topgolf Callaway Brands Insider Transactions Over The Last Year

Notably, that recent purchase by Russell Fleischer is the biggest insider purchase of Topgolf Callaway Brands shares that we've seen in the last year. That implies that an insider found the current price of US$7.00 per share to be enticing. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Topgolf Callaway Brands insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Topgolf Callaway Brands

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Topgolf Callaway Brands

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. It's great to see that Topgolf Callaway Brands insiders own 12% of the company, worth about US$148m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Topgolf Callaway Brands Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Topgolf Callaway Brands. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Topgolf Callaway Brands. For example - Topgolf Callaway Brands has 1 warning sign we think you should be aware of.