USD 2.5 million worth of Montrose Environmental Group, Inc. (NYSE:MEG) shares have rebounded over the past year after gaining 10% over the past week. However, this purchase proves to be a high gamble, as losses by insiders since the purchase totaled him to US$198,000.
I don’t think shareholders should simply follow insider trading, but I think it would be foolish to completely ignore insider trading.
Our analysis MEG may be underestimated.
Montrose Environmental Group Insider Trading Last Year
It turns out that last year’s largest insider acquisition was a US$1 million stake by independent director James Price, at about US$41.90 per share. This means that the insider was happy to buy the shares at a price above his current price of US$40.92. Their views may have changed after the purchase, but this at least suggests they were confident in the future of the company. is very important. If they paid more than the current price, it’s generally more encouraging because it suggests they found value at a higher level as well.
Insiders at the Montrose Environmental Group may have bought shares last year, but did not sell them. The chart below shows insider trading (by company and individual) over the past year. Clicking on the chart will show you all individual deals, such as stock, individual, and date.
The Montrose Environmental Group isn’t the only stock insiders are buying.For those who like to search investment win this freedom A list of growing companies that recently made insider acquisitions could be just the ticket.
Another way to test the alignment of company leaders with other shareholders is to look at the number of shares they own. High insider ownership often leads company management to pay more attention to the interests of shareholders. A Montrose Environmental Group insider owns approximately US$101 million worth of stock (which represents his 8.3% of the company). This type of significant ownership by insiders generally increases the likelihood that the company will operate for the benefit of all shareholders.
What can Montrose Environmental Group insider trading tell us?
There has been no insider trading in the last three months. This doesn’t make much sense. But the analysis of last year’s trades is encouraging. Judging by their deals and high insider ownership, Montrose Environmental Group insiders are happy with the company’s future. We want to know what’s going on with insider ownership and trading, but we also try to consider the risks facing the stock before making any investment decision. Regarding investment risk, Identified two warning signs Working with Montrose Environmental Group to understand these should be part of your investment process.
of course, You can find great investments by looking elsewhere. Let’s take a look at this freedom A list of interesting companies.
For the purposes of this article, an insider is an individual who reports a transaction to the relevant regulatory body. Currently, we consider open market transactions and private disposals, but not derivative transactions.
Valuation is complicated, but we’re here to help make it simple.
find out if Montrose Environmental Group You may be overestimated or underestimated by checking out our comprehensive analysis including: Fair value estimates, risks and warnings, dividends, insider trading and financial health.
View Free Analysis
Do you have feedback on this article? What interests you? contact directly with us. Or send an email to our editorial team (at) Simplywallst.com.
This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …