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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in CVRx, Inc.'s (NASDAQ:CVRX) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for CVRx
The Last 12 Months Of Insider Transactions At CVRx
The President Kevin Hykes made the biggest insider purchase in the last 12 months. That single transaction was for US$251k worth of shares at a price of US$8.36 each. We do like to see buying, but this purchase was made at well below the current price of US$11.86. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
While CVRx insiders bought shares during the last year, they didn't sell. 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!
CVRx 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, CVRx insiders have about 0.5% of the stock, worth approximately US$1.6m. We consider this fairly low insider ownership.
So What Do The CVRx Insider Transactions Indicate?
The fact that there have been no CVRx insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more CVRx stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CVRx. You'd be interested to know, that we found 2 warning signs for CVRx and we suggest you have a look.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.