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Bullish insiders bet US$525k on Atlas Technical Consultants, Inc. (NASDAQ:ATCX)

·3 min read

Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Atlas Technical Consultants, Inc. (NASDAQ:ATCX), that sends out a positive message to the company's shareholders.

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.

See our latest analysis for Atlas Technical Consultants

Atlas Technical Consultants Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chief Administrative Officer, John Mollere, sold US$166k worth of shares at a price of US$11.16 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place 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$7.91. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was John Mollere.

In the last twelve months insiders purchased 52.38k shares for US$525k. But they sold 14.96k shares for US$166k. In the last twelve months there was more buying than selling by Atlas Technical Consultants insiders. 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!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Atlas Technical Consultants Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Atlas Technical Consultants. Overall, five insiders shelled out US$201k for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.

Insider Ownership of Atlas Technical Consultants

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Atlas Technical Consultants insiders own 2.5% of the company, worth about US$7.5m. We do generally prefer see higher levels of insider ownership.

So What Do The Atlas Technical Consultants Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Atlas Technical Consultants stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Atlas Technical Consultants has 3 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.

Of course Atlas Technical Consultants 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.