Geoff Tanner Just Bought A Sprinkling of Shares In The Simply Good Foods Company (NASDAQ:SMPL)
Potential The Simply Good Foods Company (NASDAQ:SMPL) shareholders may wish to note that insider Geoff Tanner recently bought US$250k worth of stock, paying US$36.17 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Simply Good Foods
The Last 12 Months Of Insider Transactions At Simply Good Foods
Notably, that recent purchase by Geoff Tanner is the biggest insider purchase of Simply Good Foods shares that we've seen in the last year. That implies that an insider found the current price of US$37.20 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Simply Good Foods insider decided to buy shares at close to current prices. Geoff Tanner was the only individual insider to buy during the last year.
In total, Simply Good Foods insiders sold more than they bought over the last year. 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Simply Good Foods insiders own about US$364m worth of shares (which is 9.8% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Simply Good Foods Tell Us?
It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. Of course, the future is what matters most. So if you are interested in Simply Good Foods, you should check out this free report on analyst forecasts for the company.
Of course Simply Good Foods 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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