Yahoo Finance Flotek Industries, Inc. (NYSE:FTK) insider upped their holding by 28% earlier this year
Viewing insider transactions for Flotek Industries, Inc.'s (NYSE:FTK ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Flotek Industries
Flotek Industries Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Harsha Agadi for US$65k worth of shares, at about US$1.33 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.17). 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 an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Harsha Agadi was the only individual insider to buy shares in the last twelve months.
Harsha Agadi bought a total of 90.00k shares over the year at an average price of US$1.32. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Flotek Industries 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 Flotek Industries
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Flotek Industries insiders own 6.3% of the company, worth about US$5.6m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Flotek Industries Insiders?
The fact that there have been no Flotek Industries insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Flotek Industries insiders are doubting the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 3 warning signs for Flotek Industries (2 don't sit too well with us) you should be aware of.
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.
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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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