Yahoo Finance Jason Andringa Is The Independent Director of Raven Industries, Inc. (NASDAQ:RAVN) And They Just Picked Up 25% More Shares
Even if it's not a huge purchase, we think it was good to see that Jason Andringa, the Independent Director of Raven Industries, Inc. (NASDAQ:RAVN) recently shelled out US$61k to buy stock, at US$20.17 per share. That purchase might not be huge but it did increase their holding by 25%.
View our latest analysis for Raven Industries
Raven Industries Insider Transactions Over The Last Year
Notably, that recent purchase by Jason Andringa is the biggest insider purchase of Raven Industries shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$20.13. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Raven Industries insiders may have bought shares in the last year, but they didn't sell any. Their average price was about US$22.28. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by 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!
Raven Industries is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Raven Industries insiders own 1.4% of the company, worth about US$10m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Raven Industries Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Raven Industries shares, given these transactions (along with notable insider ownership of 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Raven Industries.
Of course Raven Industries 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.
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. 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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