Bullish insiders bet US$776k on Atlas Technical Consultants, Inc. (NASDAQ:ATCX)
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Atlas Technical Consultants, Inc. (NASDAQ:ATCX), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Atlas Technical Consultants
The Last 12 Months Of Insider Transactions At Atlas Technical Consultants
The Independent Director Leonard Lemoine made the biggest insider purchase in the last 12 months. That single transaction was for US$152k worth of shares at a price of US$7.81 each. That means that an insider was happy to buy shares at above the current price of US$7.29. 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Atlas Technical Consultants insiders bought shares during the last year, they didn't sell. 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!
Atlas Technical Consultants is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Atlas Technical Consultants Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.9% of Atlas Technical Consultants shares, worth about US$8.4m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Atlas Technical Consultants Insiders?
It doesn't really mean much that no insider has traded Atlas Technical Consultants shares in the last quarter. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Atlas Technical Consultants insiders bought more shares in 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. Case in point: We've spotted 2 warning signs for Atlas Technical Consultants you should be aware of, and 1 of them is a bit concerning.
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.
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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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