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Insiders who bought Blucora, Inc. (NASDAQ:BCOR) stock in the last 12 months were richly rewarded last week. The company's market value increased by US$66m as a result of the stock's 8.2% gain over the same period. As a result, their original purchase of US$1.2m worth of stock is now worth US$1.3m.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Blucora Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Mark Ernst for US$825k worth of shares, at about US$16.93 per share. That implies that an insider found the current price of US$18.44 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Blucora insiders decided to buy shares at close to current prices.
While Blucora insiders bought shares during the last year, they didn't sell. 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!
Blucora 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 Blucora
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Blucora insiders own 1.5% of the company, worth about US$13m. 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 Blucora Tell Us?
It doesn't really mean much that no insider has traded Blucora shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Blucora insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blucora. To that end, you should learn about the 2 warning signs we've spotted with Blucora (including 1 which can't be ignored).
Of course Blucora 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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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.