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George Ball Is The Director of Parsons Corporation (NYSE:PSN) And They Just Picked Up 13% More Shares

·3 min read

Parsons Corporation (NYSE:PSN) shareholders (or potential shareholders) will be happy to see that the Director, George Ball, recently bought a whopping US$1.5m worth of stock, at a price of US$41.50. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 13%.

Check out our latest analysis for Parsons

The Last 12 Months Of Insider Transactions At Parsons

Notably, that recent purchase by George Ball is the biggest insider purchase of Parsons shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$42.50. 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 Parsons insiders decided to buy shares at close to current prices.

While Parsons insiders bought shares during the last year, they didn't sell. Their average price was about US$34.94. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!

insider-trading-volume
insider-trading-volume

Parsons is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Parsons Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Parsons insiders own 0.7% of the company, worth about US$32m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Parsons Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Parsons shares, given these transactions (along with notable insider ownership of the company). 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.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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