Insider Spends US$134k Buying More Shares In Rekor Systems

Potential Rekor Systems, Inc. (NASDAQ:REKR) shareholders may wish to note that the Founder & Executive Chairman, Robert Berman, recently bought US$134k worth of stock, paying US$1.34 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.1%.

Check out our latest analysis for Rekor Systems

Rekor Systems Insider Transactions Over The Last Year

Notably, that recent purchase by Robert Berman is the biggest insider purchase of Rekor Systems shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$1.56. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Rekor Systems insiders were buying shares, but not selling. Their average price was about US$1.77. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Insider Ownership Of Rekor Systems

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. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own US$4.9m worth of Rekor Systems stock, about 3.7% of the company. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Rekor Systems Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Rekor Systems stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Rekor Systems is showing 4 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.