Trade Alert: The Independent Director Of Veritex Holdings, Inc. (NASDAQ:VBTX), John Sughrue, Has Just Spent US$100k Buying 4.5% More Shares
Even if it's not a huge purchase, we think it was good to see that John Sughrue, the Independent Director of Veritex Holdings, Inc. (NASDAQ:VBTX) recently shelled out US$100k to buy stock, at US$27.36 per share. However, it only increased their shares held by 4.5%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Veritex Holdings
Veritex Holdings Insider Transactions Over The Last Year
The insider Arcilia Acosta made the biggest insider purchase in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$38.00 each. That means that even when the share price was higher than US$27.66 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Veritex 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
Veritex Holdings 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 Veritex Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Veritex Holdings insiders own about US$43m worth of shares. That equates to 2.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Veritex Holdings Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Veritex Holdings insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Veritex Holdings. You'd be interested to know, that we found 2 warning signs for Veritex Holdings and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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