Jeffrey Keenan Is The Independent Director of Mativ Holdings, Inc. (NYSE:MATV) And They Just Picked Up 17% More Shares
Those following along with Mativ Holdings, Inc. (NYSE:MATV) will no doubt be intrigued by the recent purchase of shares by Jeffrey Keenan, Independent Director of the company, who spent a stonking US$897k on stock at an average price of US$24.44. Not only is that a big swing, but it increased their holding size by 17%, which is definitely great to see.
View our latest analysis for Mativ Holdings
The Last 12 Months Of Insider Transactions At Mativ Holdings
Notably, that recent purchase by Jeffrey Keenan is the biggest insider purchase of Mativ Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$25.14. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Mativ Holdings 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Mativ Holdings 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.
Does Mativ Holdings 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Mativ Holdings insiders own 2.1% of the company, worth about US$29m. 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 Mativ Holdings Tell Us?
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 Mativ Holdings 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. When we did our research, we found 3 warning signs for Mativ Holdings (2 are significant!) that we believe deserve your full attention.
Of course Mativ Holdings 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.
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