The Independent Director of Euronet Worldwide, Inc. (NASDAQ:EEFT), M. Strandjord, Just Bought 2.1% More Shares
Investors who take an interest in Euronet Worldwide, Inc. (NASDAQ:EEFT) should definitely note that the Independent Director, M. Strandjord, recently paid US$108 per share to buy US$108k worth of the stock. Although the purchase only increased their holding by 2.1%, it is still a solid purchase in our view.
Check out our latest analysis for Euronet Worldwide
Euronet Worldwide Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Director M. Strandjord was not the only time they bought Euronet Worldwide shares this year. Earlier in the year, they paid US$147 per share in a US$171k purchase. That means that even when the share price was higher than US$106 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. M. Strandjord was the only individual insider to buy during the last year.
M. Strandjord purchased 2.17k shares over the year. The average price per share was US$129. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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.
Insider Ownership of Euronet Worldwide
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Euronet Worldwide insiders own about US$261m worth of shares (which is 4.6% 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.
So What Does This Data Suggest About Euronet Worldwide Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Euronet Worldwide. One for the watchlist, at least! 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. Every company has risks, and we've spotted 1 warning sign for Euronet Worldwide you should know about.
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.
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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