Insiders who bought AirSculpt Technologies, Inc. (NASDAQ:AIRS) in the last 12 months may probably not pay attention to the stock's recent 14% drop. After taking the recent loss into consideration, the US$767.6k worth of stock they bought is now worth US$1.47m, indicating that their investment yielded a positive return.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for AirSculpt Technologies
AirSculpt Technologies Insider Transactions Over The Last Year
The Founder & Executive Chairman Aaron Rollins made the biggest insider purchase in the last 12 months. That single transaction was for US$467k worth of shares at a price of US$3.11 each. We do like to see buying, but this purchase was made at well below the current price of US$5.98. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months AirSculpt Technologies insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
AirSculpt Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of AirSculpt Technologies
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 27% of AirSculpt Technologies shares, worth about US$92m. 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 AirSculpt Technologies Insiders?
It doesn't really mean much that no insider has traded AirSculpt Technologies shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think AirSculpt Technologies insiders are doubting the company, and they do own shares. 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. In terms of investment risks, we've identified 1 warning sign with AirSculpt Technologies and understanding it should be part of your investment process.
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 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.