Trade Alert: The Executive VP & COO Of Oil States International, Inc. (NYSE:OIS), Philip Moses, Has Just Spent US$213k Buying 18% More Shares
Investors who take an interest in Oil States International, Inc. (NYSE:OIS) should definitely note that the Executive VP & COO, Philip Moses, recently paid US$3.63 per share to buy US$213k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 18%.
Check out our latest analysis for Oil States International
The Last 12 Months Of Insider Transactions At Oil States International
Notably, that recent purchase by Philip Moses is the biggest insider purchase of Oil States International shares that we've seen in the last year. That implies that an insider found the current price of US$3.89 per share to be enticing. 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. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Philip Moses.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Oil States International
For a common shareholder, it is worth checking how many shares are held by company 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 3.1% of Oil States International shares, worth about US$7.5m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Oil States International Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Oil States International insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Oil States International you should be aware of.
Of course Oil States International 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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