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Whilst it may not be a huge deal, we thought it was good to see that the ADTRAN, Inc. (NASDAQ:ADTN) Independent Director, Balan Nair, recently bought US$92k worth of stock, for US$9.19 per share. That purchase might not be huge but it did increase their holding by 25%.
The Last 12 Months Of Insider Transactions At ADTRAN
In the last twelve months, the biggest single sale by an insider was when the insider, Roger Shannon, sold US$101k worth of shares at a price of US$17.65 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$9.65). So it may not shed much light on insider confidence at current levels.
All up, insiders sold more shares in ADTRAN than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does ADTRAN Boast High 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. Based on our data, ADTRAN insiders have about 0.9% of the stock, worth approximately US$4.0m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At ADTRAN Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. We're a little cautious about the insider selling at ADTRAN. And usually insiders own more stock in the company, according to our data. Of course, the future is what matters most. So if you are interested in ADTRAN, you should check out this free report on analyst forecasts for the company.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.