Bullish AMN Healthcare Services Insiders Loaded Up On US$1.99m Of Stock

Quite a few insiders have dramatically grown their holdings in AMN Healthcare Services, Inc. (NYSE:AMN) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for AMN Healthcare Services

The Last 12 Months Of Insider Transactions At AMN Healthcare Services

In the last twelve months, the biggest single sale by an insider was when the Chief Information & Digital Officer, Mark Hagan, sold US$1.1m worth of shares at a price of US$67.92 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$54.15. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Mark Hagan.

Over the last year, we can see that insiders have bought 34.98k shares worth US$2.0m. But they sold 16.00k shares for US$1.1m. Overall, AMN Healthcare Services insiders were net buyers during the last year. 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 always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of AMN Healthcare Services

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that AMN Healthcare Services insiders own 0.7% of the company, worth about US$16m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At AMN Healthcare Services Tell Us?

It doesn't really mean much that no insider has traded AMN Healthcare Services shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in AMN Healthcare Services and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AMN Healthcare Services. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of AMN Healthcare Services.

Of course AMN Healthcare Services 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 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.