Whilst it may not be a huge deal, we thought it was good to see that the Cubic Corporation (NYSE:CUB) Independent Director, Maureen Breakiron-Evans, recently bought US$100k worth of stock, for US$59.96 per share. That purchase might not be huge but it did increase their holding by 49%.
Cubic Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director John Warner bought US$301k worth of shares at a price of US$61.00 per share. So it's clear an insider wanted to buy, at around the current price, which is US$62.58. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Cubic insiders decided to buy shares at close to current prices.
In the last twelve months Cubic insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Cubic 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.
Insider Ownership of Cubic
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cubic insiders own about US$13m worth of shares. That equates to 0.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Cubic Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Cubic insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Cubic.
Of course Cubic 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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