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Insider Buying: The Raven Industries, Inc. (NASDAQ:RAVN) Independent Chairman of the Board Just Bought 17% More Shares

Simply Wall St
·3 mins read

Potential Raven Industries, Inc. (NASDAQ:RAVN) shareholders may wish to note that the Independent Chairman of the Board, Marc LeBaron, recently bought US$110k worth of stock, paying US$25.18 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 17%.

Check out our latest analysis for Raven Industries

Raven Industries Insider Transactions Over The Last Year

Notably, that recent purchase by Marc LeBaron is the biggest insider purchase of Raven Industries shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$25.81. 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 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 Raven Industries insiders decided to buy shares at close to current prices.

Raven Industries insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

Raven Industries is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Raven Industries insiders own 1.4% of the company, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Raven Industries Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Raven Industries we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Raven Industries has 1 warning sign we think you should be aware of.

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.

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@simplywallst.com.