The CFO, Senior VP & Treasurer of American Superconductor Corporation (NASDAQ:AMSC), John Kosiba, Just Bought 7.8% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the American Superconductor Corporation (NASDAQ:AMSC) CFO, Senior VP & Treasurer, John Kosiba, recently bought US$83k worth of stock, for US$3.34 per share. However, it only increased their shares held by 7.8%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for American Superconductor
The Last 12 Months Of Insider Transactions At American Superconductor
In fact, the recent purchase by John Kosiba was the biggest purchase of American Superconductor shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$3.60. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. John Kosiba was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 American Superconductor
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own US$4.8m worth of American Superconductor stock, about 4.6% of the company. I generally like to see higher levels of ownership.
What Might The Insider Transactions At American Superconductor Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. 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 American Superconductor insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for American Superconductor that deserve your attention before buying any shares.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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