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Insider Buying: The Image Sensing Systems, Inc. (NASDAQ:ISNS) Independent Director Just Bought 8.0% More Shares

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·3 min read
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Whilst it may not be a huge deal, we thought it was good to see that the Image Sensing Systems, Inc. (NASDAQ:ISNS) Independent Director, Joseph Daly, recently bought US$50k worth of stock, for US$6.79 per share. Although the purchase is not a big one, increasing their shareholding by only 8.0%, it can be interpreted as a good sign.

See our latest analysis for Image Sensing Systems

Image Sensing Systems Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Director Joseph Daly was not their only acquisition of Image Sensing Systems shares this year. They previously made an even bigger purchase of US$102k worth of shares at a price of US$4.10 per share. We do like to see buying, but this purchase was made at well below the current price of US$6.77. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Image Sensing Systems insiders were buying shares, but not selling. 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!

insider-trading-volume
insider-trading-volume

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).

Does Image Sensing Systems Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Image Sensing Systems insiders own about US$12m worth of shares. That equates to 31% of the company. 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 Image Sensing Systems Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Image Sensing Systems insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 4 warning signs for Image Sensing Systems and we suggest you have a look.

Of course Image Sensing Systems 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.

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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.