Insider Spends US$101k Buying More Shares In Shoals Technologies Group

Potential Shoals Technologies Group, Inc. (NASDAQ:SHLS) shareholders may wish to note that the Director & CEO, Brandon Moss, recently bought US$101k worth of stock, paying US$4.55 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 65%, potentially signalling some real optimism.

See our latest analysis for Shoals Technologies Group

Shoals Technologies Group Insider Transactions Over The Last Year

Notably, that recent purchase by Brandon Moss is the biggest insider purchase of Shoals Technologies Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$4.83. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Shoals Technologies Group share holders is that an insider was buying at near the current price. Brandon Moss was the only individual insider to buy shares in the last twelve months.

Over the last year we saw more insider selling of Shoals Technologies Group shares, than buying. You can see a visual depiction of insider transactions (by companies and 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Shoals Technologies Group

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Shoals Technologies Group insiders own 0.6% of the company, worth about US$5.0m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Shoals Technologies Group Insiders?

The recent insider purchase is heartening. On the other hand the transaction history, over the last year, isn't so positive. The transactions over the last year don't give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Shoals Technologies Group. Every company has risks, and we've spotted 2 warning signs for Shoals Technologies Group you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.