Bullish WillScot Holdings Insiders Loaded Up On US$1.95m Of Stock

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in WillScot Holdings Corporation's (NASDAQ:WSC) instance, it's good news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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The Last 12 Months Of Insider Transactions At WillScot Holdings

In the last twelve months, the biggest single sale by an insider was when the Executive VP, Hezron Lopez, sold US$788k worth of shares at a price of US$39.38 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$26.71. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 60.00k shares worth US$1.9m. But they sold 36.96k shares for US$1.4m. In the last twelve months there was more buying than selling by WillScot Holdings insiders. Their average price was about US$32.49. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for WillScot Holdings

WillScot Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

WillScot Holdings Insiders Bought Stock Recently

It's good to see that WillScot Holdings insiders have made notable investments in the company's shares. We can see that CEO & Director Bradley Soultz paid US$268k for shares in the company. No-one sold. This is a positive in our book as it implies some confidence.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that WillScot Holdings insiders own 2.8% of the company, worth about US$135m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About WillScot Holdings Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest WillScot Holdings insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for WillScot Holdings (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing.

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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.