Glenn Tobin Bought 44% More Shares In TruBridge
Whilst it may not be a huge deal, we thought it was good to see that the TruBridge, Inc. (NASDAQ:TBRG) Independent Chairperson of the Board, Glenn Tobin, recently bought US$84k worth of stock, for US$8.04 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 44%.
See our latest analysis for TruBridge
The Last 12 Months Of Insider Transactions At TruBridge
Notably, that recent purchase by Glenn Tobin is the biggest insider purchase of TruBridge shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (US$8.98), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
The chart below shows insider transactions (by companies and individuals) over the last year. 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.
Does TruBridge Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that TruBridge insiders own about US$6.1m worth of shares (which is 4.8% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At TruBridge Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that TruBridge insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TruBridge. Every company has risks, and we've spotted 1 warning sign for TruBridge you should know about.
Of course TruBridge 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
