One Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) insider upped their stake by 2.2% in the previous year
Viewing insider transactions for Hydrofarm Holdings Group, Inc.'s (NASDAQ:HYFM ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Hydrofarm Holdings Group
Hydrofarm Holdings Group Insider Transactions Over The Last Year
The CEO & Chairman of the Board William Toler made the biggest insider purchase in the last 12 months. That single transaction was for US$93k worth of shares at a price of US$3.75 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.73). 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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. William Toler was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Hydrofarm Holdings Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Hydrofarm Holdings Group
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Hydrofarm Holdings Group insiders own about US$9.5m worth of shares (which is 12% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Hydrofarm Holdings Group Tell Us?
The fact that there have been no Hydrofarm Holdings Group insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Hydrofarm Holdings Group stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hydrofarm Holdings Group. Every company has risks, and we've spotted 3 warning signs for Hydrofarm Holdings Group you should know about.
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.
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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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