Insider Buying: The Team, Inc. (NYSE:TISI) Lead Independent Director Just Bought 26% More Shares

Investors who take an interest in Team, Inc. (NYSE:TISI) should definitely note that the Lead Independent Director, Louis Waters, recently paid US$8.10 per share to buy US$405k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 26%.

Check out our latest analysis for Team

The Last 12 Months Of Insider Transactions At Team

In fact, the recent purchase by Louis Waters was the biggest purchase of Team shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of US$10.33. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 69.50k shares for US$607k. But insiders sold 17.04k shares worth US$273k. In the last twelve months there was more buying than selling by Team insiders. 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!

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

For a common shareholder, it is worth checking how many shares are held by company 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. Insiders own 3.1% of Team shares, worth about US$9.9m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Team Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Team insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Team. Every company has risks, and we've spotted 1 warning sign for Team you should know about.

Of course Team 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.

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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. 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.
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