When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Veritex Holdings, Inc.'s (NASDAQ:VBTX) instance, it's good news for shareholders.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Veritex Holdings
Veritex Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Patrick Bolin bought US$175k worth of shares at a price of US$17.52 per share. Even though the purchase was made at a significantly lower price than the recent price (US$24.01), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Veritex Holdings insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. 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.
Insiders At Veritex Holdings Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Veritex Holdings. Independent Director Gregory Morrison bought US$30k worth of shares in that time. It's great to see that insiders are only buying, not selling. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Veritex Holdings insiders own 3.0% of the company, worth about US$39m. 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 Do The Veritex Holdings Insider Transactions Indicate?
Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Veritex Holdings insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Veritex Holdings. When we did our research, we found 2 warning signs for Veritex Holdings (1 is a bit concerning!) that we believe deserve your full attention.
