Martin Resch Is The President of Cass Information Systems, Inc. (NASDAQ:CASS) And They Just Picked Up 12% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Cass Information Systems, Inc. (NASDAQ:CASS) President, Martin Resch, recently bought US$80k worth of stock, for US$36.78 per share. That purchase might not be huge but it did increase their holding by 12%.
Check out our latest analysis for Cass Information Systems
Cass Information Systems Insider Transactions Over The Last Year
In fact, the recent purchase by Martin Resch was the biggest purchase of Cass Information Systems shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$36.18. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Cass Information Systems insiders bought shares during the last year, they didn't sell. 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!
Cass Information Systems is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Cass Information Systems Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Cass Information Systems insiders own 2.9% of the company, 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 Cass Information Systems Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Cass Information Systems shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Cass Information Systems, you should check out this free report on analyst forecasts for the company.
But note: Cass Information Systems may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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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