Generally speaking, it’s usually not a big deal if one insider buys shares. However, if multiple insiders are buying, e.g. Univest Financial Co., Ltd. (NASDAQ:UVSP), sends a positive message to the company’s shareholders.
While we don’t believe shareholders should simply track insider transactions, we think it’s perfectly logical to continue to monitor insider activity.
Check out our latest analysis for Univest Financial.
Insider transactions at Univest Financial over the past 12 months
We can see that the biggest insider purchase over the last year was by Deputy Director Martin Connor for US$86,000 worth of shares (about US$17.25 per share). We like to see insider buying, but we note that this large purchase is well below the recent price of his US$20.00. This occurred at a lower valuation, so it doesn’t tell us much about whether insiders find today’s price attractive.
In the last 12 months, insiders bought 8.21k shares for US$148k. Meanwhile, they sold 0.70 shares at $12.9. Overall, Univest Financial insiders were net buyers over the last year. The chart below depicts insider transactions (by companies and individuals) over the past year. Click on the chart to see all individual trades, including stock price, individual, and date.
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Univest Financial Officials Recently Purchased Stocks
We’ve seen some Univest Financial insiders buying shares in the last three months. Independent Director Natalie Paquin purchased US$15,000 worth of shares during the same period. It’s great to see that insiders are only buying, not selling. However, the amount invested in the past three months is not enough to warrant much weight as a single factor.
Does Univest Financial boast high insider ownership?
Another way to test the alignment between a company’s leaders and other shareholders is to look at the number of shares they own. We think it’s a good sign if insiders own a significant number of shares in the company. Insiders own 1.8% of Univest Financial shares, worth approximately US$10m. Certainly, we’ve seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and other shareholders.
What can we tell from the insider trading at Univest Financial?
We note that there has been some recent insider buying (but no selling). However, the purchase price was not that large. However, our analysis of last year’s transactions is encouraging. Overall, we don’t see anything to make us think Univest Financial insiders are suspicious of the company, and they own shares. In addition to knowing about ongoing insider transactions, it is useful to identify the risks facing Univest Financial. During our analysis, we found that Univest Financial: 1 warning sign And it is unwise to ignore this.
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For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
