Insider Stock Buying Reaches US$782.9k On Fortrea Holdings

In the last year, multiple insiders have substantially increased their holdings of Fortrea Holdings Inc. (NASDAQ:FTRE) stock, indicating that insiders' optimism about the company's prospects has increased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Fortrea Holdings

Fortrea Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by CEO, President & Chairman Thomas Pike for US$505k worth of shares, at about US$25.23 per share. We do like to see buying, but this purchase was made at well below the current price of US$38.04. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Fortrea Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Fortrea Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Fortrea Holdings Boast High 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. Our data indicates that Fortrea Holdings insiders own about US$6.6m worth of shares (which is 0.2% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Fortrea Holdings Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Fortrea Holdings shares in the last quarter. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Fortrea Holdings insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Fortrea Holdings. For example - Fortrea Holdings has 1 warning sign we think you should be aware of.

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.