Gregory Daily Bought 28% More Shares In i3 Verticals \

i3 Verticals, Inc. (NASDAQ:IIIV) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Gregory Daily, recently bought a whopping US$1.1m worth of stock, at a price of US$21.56. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 28%.

Check out our latest analysis for i3 Verticals

i3 Verticals Insider Transactions Over The Last Year

In fact, the recent purchase by Gregory Daily was the biggest purchase of i3 Verticals shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$23.32 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months i3 Verticals insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

i3 Verticals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of i3 Verticals

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. We usually like to see fairly high levels of insider ownership. Insiders own 2.6% of i3 Verticals shares, worth about US$20m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The i3 Verticals Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest i3 Verticals insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing i3 Verticals. At Simply Wall St, we found 1 warning sign for i3 Verticals that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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. 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.