Insider Buying: The Maxar Technologies Inc. (NYSE:MAXR) Executive VP & CTO Just Bought US$55k Worth Of Shares

By
Simply Wall St
Published
November 30, 2021
NYSE:MAXR
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Walter Scott, the Executive VP & CTO of Maxar Technologies Inc. (NYSE:MAXR) recently shelled out US$55k to buy stock, at US$29.52 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

See our latest analysis for Maxar Technologies

Maxar Technologies Insider Transactions Over The Last Year

The CFO & Executive VP Biggs Porter made the biggest insider purchase in the last 12 months. That single transaction was for US$95k worth of shares at a price of US$28.00 each. That means that an insider was happy to buy shares at above the current price of US$27.53. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Maxar Technologies insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:MAXR Insider Trading Volume December 1st 2021

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Maxar Technologies insiders own about US$45m worth of shares. That equates to 2.3% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Maxar Technologies Insiders?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Maxar Technologies we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Maxar Technologies. You'd be interested to know, that we found 1 warning sign for Maxar Technologies and we suggest you have a look.

But note: Maxar Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.

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