Roger Harding Bought 28% More Shares In Clearfield
Potential Clearfield, Inc. (NASDAQ:CLFD) shareholders may wish to note that the Independent Director, Roger Harding, recently bought US$192k worth of stock, paying US$29.47 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 28%.
See our latest analysis for Clearfield
The Last 12 Months Of Insider Transactions At Clearfield
Notably, that recent purchase by Roger Harding is the biggest insider purchase of Clearfield 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$31.21. Of course they may have changed their mind. But this suggests they are optimistic. 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 Clearfield insiders decided to buy shares at close to current prices.
In the last twelve months Clearfield 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!
Clearfield is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Clearfield Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 16% of Clearfield shares, worth about US$74m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Clearfield Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Clearfield shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Clearfield. Every company has risks, and we've spotted 2 warning signs for Clearfield (of which 1 can't be ignored!) 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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
