Bridgeline Digital Insiders Added US$893.3k Of Stock To Their Holdings

Over the last year, a good number of insiders have significantly increased their holdings in Bridgeline Digital, Inc. (NASDAQ:BLIN). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Bridgeline Digital Insider Transactions Over The Last Year

The Independent Director Michael Ketslakh made the biggest insider purchase in the last 12 months. That single transaction was for US$600k worth of shares at a price of US$1.52 each. So it's clear an insider wanted to buy, at around the current price, which is US$1.57. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Bridgeline Digital share holders is that insiders were buying at near the current price.

While Bridgeline Digital insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Bridgeline Digital

Bridgeline Digital is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Bridgeline Digital Insiders Bought Stock Recently

Over the last quarter, Bridgeline Digital insiders have spent a meaningful amount on shares. President Roger Kahn spent US$77k on stock, and there wasn't any selling. This is a positive in our book as it implies some confidence.

Insider Ownership Of Bridgeline Digital

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Bridgeline Digital insiders own about US$4.0m worth of shares. That equates to 25% of the company. 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 Bridgeline Digital Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Bridgeline Digital shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for Bridgeline Digital you should be aware of.

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 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.