CEO & Director of Advantage Solutions David Peacock Buys 3.9% More Shares
Investors who take an interest in Advantage Solutions Inc. (NASDAQ:ADV) should definitely note that the CEO & Director, David Peacock, recently paid US$2.65 per share to buy US$133k worth of the stock. Although the purchase only increased their holding by 3.9%, it is still a solid purchase in our view.
View our latest analysis for Advantage Solutions
Advantage Solutions Insider Transactions Over The Last Year
In fact, the recent purchase by CEO & Director David Peacock was not their only acquisition of Advantage Solutions shares this year. Earlier in the year, they paid US$1.64 per share in a US$258k purchase. We do like to see buying, but this purchase was made at well below the current price of US$2.79. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months Advantage Solutions insiders were buying shares, but not selling. Their average price was about US$1.93. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
Insider Ownership Of Advantage Solutions
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 Advantage Solutions insiders own 1.0% of the company, worth about US$8.7m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Advantage Solutions Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Advantage Solutions insiders are expecting a bright 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.
But note: Advantage Solutions may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
