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Investors who take an interest in CNX Resources Corporation (NYSE:CNX) should definitely note that the Independent Director, John Clarkson, recently paid US$31.20 per share to buy US$312k worth of the stock. Although the purchase only increased their holding by 5.4%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At CNX Resources
Over the last year, we can see that the biggest insider purchase was by Independent Director Bernard Lanigan for US$2.0m worth of shares, at about US$26.81 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$32.52. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
CNX Resources insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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 CNX Resources
CNX Resources is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that CNX Resources insiders own 2.7% of the company, worth about US$127m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The CNX Resources Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives 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 CNX Resources insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CNX Resources. At Simply Wall St, we found 1 warning sign for CNX Resources that deserve your attention before buying any shares.