Bullish Beyond Insiders Loaded Up On US$3.31m Of Stock

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Multiple insiders secured a larger position in Beyond, Inc. (NYSE:BYON) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company’s prospects.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Beyond

The Last 12 Months Of Insider Transactions At Beyond

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Marcus Lemonis bought US$736k worth of shares at a price of US$17.43 per share. That means that even when the share price was higher than US$14.93 (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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 207.72k shares for US$3.3m. But insiders sold 2.50k shares worth US$91k. In the last twelve months there was more buying than selling by Beyond insiders. 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!

insider-trading-volume

Beyond is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Beyond Have Bought Stock Recently

Over the last quarter, Beyond insiders have spent a meaningful amount on shares. In total, insiders bought US$233k worth of shares in that time, and we didn’t record any sales whatsoever. This could be interpreted as suggesting a positive outlook.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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 1.3% of Beyond shares, worth about US$8.8m, according to our data. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

So What Do The Beyond Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give 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 Beyond insiders are expecting a bright future. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we’ve discovered 2 warning signs that you should run your eye over to get a better picture of Beyond.

But note: Beyond may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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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.