Yahoo Finance President of Solo Brands Christopher Metz Buys 150% More Shares
Investors who take an interest in Solo Brands, Inc. (NYSE:DTC) should definitely note that the President, Christopher Metz, recently paid US$1.96 per share to buy US$295k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 150%, potentially signalling some real optimism.
View our latest analysis for Solo Brands
Solo Brands Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Somer Webb, for US$471k worth of shares, at about US$4.35 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$2.07. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Somer Webb.
Christopher Metz bought a total of 250.00k shares over the year at an average price of US$2.08. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Solo Brands
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own US$2.0m worth of Solo Brands stock, about 1.0% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Solo Brands Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the 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 Solo Brands insiders are reasonably well aligned, and optimistic for the future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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 of direct interests only, but not derivative transactions or indirect interests.
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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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