Insiders who bought Corsair Gaming, Inc. (NASDAQ:CRSR) stock in the last 12 months were richly rewarded last week. The company's market value increased by US$145m as a result of the stock's 8.5% gain over the same period. As a result, the stock they originally bought for US$1.1m is now worth US$1.5m.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Corsair Gaming
Over the last year, we can see that the biggest insider purchase was by Independent Director Samuel Szteinbaum for US$1.1m worth of shares, at about US$14.50 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$18.35. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
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!
Corsair Gaming 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 Corsair Gaming
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 appears that Corsair Gaming insiders own 3.1% of the company, worth about US$57m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Corsair Gaming Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Corsair Gaming and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Corsair Gaming. In terms of investment risks, we've identified 1 warning sign with Corsair Gaming and understanding this should be part of your investment process.
Of course Corsair Gaming 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.
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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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