Kenneth Burdick Bought 3.3% More Shares In LifeStance Health Group

Explore LifeStance Health Group's Fair Values from the Community and select yours

Potential LifeStance Health Group, Inc. (NASDAQ:LFST) shareholders may wish to note that the Executive Chairman, Kenneth Burdick, recently bought US$492k worth of stock, paying US$4.36 for each share. Although the purchase only increased their holding by 3.3%, it is still a solid purchase in our view.

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LifeStance Health Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Director, Robert Bessler, for US$566k worth of shares, at about US$7.54 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$5.58). So it may not tell us anything about how insiders feel about the current share price.

All up, insiders sold more shares in LifeStance Health Group than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for LifeStance Health Group

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. LifeStance Health Group insiders own 12% of the company, currently worth about US$239m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About LifeStance Health Group Insiders?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, LifeStance Health Group insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for LifeStance Health Group.

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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.