Insider Buying: Lucky Strike Entertainment Independent Director Bought US$243k Of Shares

Potential Lucky Strike Entertainment Corporation (NYSE:LUCK) shareholders may wish to note that the Independent Director, Richard Born, recently bought US$243k worth of stock, paying US$8.09 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At Lucky Strike Entertainment

In the last twelve months, the biggest single sale by an insider was when the insider, Brett Parker, sold US$20m worth of shares at a price of US$11.54 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$8.48. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Brett Parker.

In the last twelve months insiders purchased 121.78k shares for US$1.0m. On the other hand they divested 1.75m shares, for US$20m. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Lucky Strike Entertainment

I will like Lucky Strike Entertainment better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Lucky Strike Entertainment

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Lucky Strike Entertainment insiders own about US$73m worth of shares. That equates to 6.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Lucky Strike Entertainment Tell Us?

The recent insider purchases are heartening. On the other hand the transaction history, over the last year, isn't so positive. While recent transactions indicate confidence in Lucky Strike Entertainment, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. In short they are likely aligned with shareholders. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Lucky Strike Entertainment (of which 1 is a bit unpleasant!) you should know about.

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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.