Insider Buying: The Aviat Networks, Inc. (NASDAQ:AVNW) President Just Bought 1.6% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Aviat Networks, Inc. (NASDAQ:AVNW) President, Peter Smith, recently bought US$52k worth of stock, for US$25.85 per share. However, it only increased their shares held by 1.6%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Aviat Networks
Aviat Networks Insider Transactions Over The Last Year
The Independent Director Somesh Singh made the biggest insider purchase in the last 12 months. That single transaction was for US$62k worth of shares at a price of US$30.79 each. That means that an insider was happy to buy shares at above the current price of US$27.42. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing 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 Aviat Networks insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Aviat Networks
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. Insiders own 4.4% of Aviat Networks shares, 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.
What Might The Insider Transactions At Aviat Networks Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Aviat Networks shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aviat Networks. In terms of investment risks, we've identified 2 warning signs with Aviat Networks and understanding them should be part of your investment process.
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.
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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.
