Investors who take an interest in Plantronics, Inc. (NYSE:PLT) should definitely note that the Independent Director, Brian Dexheimer, recently paid US$14.27 per share to buy US$499k worth of the stock. That’s a very solid buy in our book, and increased their holding by a noteworthy 47%.
Plantronics Insider Transactions Over The Last Year
Notably, that recent purchase by Brian Dexheimer is the biggest insider purchase of Plantronics shares that we’ve seen in the last year. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being US$13.88). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Plantronics insiders bought shares last year, they didn’t sell. They paid about US$18.02 on average. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Plantronics 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 Plantronics
Many investors like to check how much of a company is owned by insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data indicates that Plantronics insiders own about US$5.9m worth of shares (which is 1.1% of the company). Whilst better than nothing, we’re not overly impressed by these holdings.
What Might The Insider Transactions At Plantronics Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. 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 Plantronics insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in Plantronics, you should check out this free report on analyst forecasts for the company.
Of course Plantronics may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.