Whilst it may not be a huge deal, we thought it was good to see that the Turtle Beach Corporation (NASDAQ:HEAR) Chairman, Juergen Stark, recently bought US$62k worth of stock, for US$5.14 per share. That might not be a big purchase but it only increased their holding by 8.4%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Turtle Beach
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Lloyd Ballard, sold US$159k worth of shares at a price of US$11.80 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$4.51. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 85.58k shares for US$726k. But insiders sold 21513 shares worth US$254k. Overall, Turtle Beach insiders were net buyers last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Turtle Beach
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that Turtle Beach insiders own about US$3.4m worth of shares (which is 5.2% of the company). We do generally prefer see higher levels of insider ownership.
So What Do The Turtle Beach Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that Turtle Beach insiders are reasonably well aligned, and optimistic for the future. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Case in point: We’ve spotted 5 warning signs for Turtle Beach you should be aware of.
Of course Turtle Beach 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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