Yahoo Finance Brian Dexheimer Is The Independent Director of Plantronics, Inc. (NYSE:PLT) And They Just Spent US$499k On Shares
Investors who take an interest in Plantronics, Inc. (NYSE:PLT) should definitely note that the Independent Director, Brian Dexheimer, recently paid US$14.27 per share to buy US$499k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 47%.
View our latest analysis for Plantronics
The Last 12 Months Of Insider Transactions At Plantronics
Notably, that recent purchase by Brian Dexheimer is the biggest insider purchase of Plantronics shares that we've seen in the last year. That means that even when the share price was higher than US$13.88 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Plantronics insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around US$18.02. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Plantronics is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Plantronics
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Plantronics insiders own about US$5.9m worth of shares (which is 1.1% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Plantronics Insiders?
The recent insider purchases are 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 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 Plantronics insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Plantronics, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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