The Independent Director of Allbirds, Inc. (NASDAQ:BIRD), Daniel Levitan, Just Bought 249% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Allbirds, Inc. (NASDAQ:BIRD) Independent Director, Daniel Levitan, recently bought US$82k worth of stock, for US$1.08 per share. While that isn't the hugest buy, it actually boosted their shareholding by 249%, which is good to see.
See our latest analysis for Allbirds
The Last 12 Months Of Insider Transactions At Allbirds
Over the last year, we can see that the biggest insider purchase was by Co-Founder Timothy Brown for US$243k worth of shares, at about US$4.86 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.08). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 125.80k shares for US$325k. On the other hand they divested 51.12k shares, for US$162k. Overall, Allbirds insiders were net buyers during the last year. Their average price was about US$2.58. This is nice to see since it implies that insiders might see value around current prices. 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!
Allbirds is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Allbirds Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Allbirds insiders own 8.7% of the company, worth about US$14m. 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 Does This Data Suggest About Allbirds Insiders?
We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Allbirds and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Allbirds has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.
Of course Allbirds 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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