Independent Director of Corsair Gaming Samuel Szteinbaum Buys 32% More Shares

Corsair Gaming, Inc. (NASDAQ:CRSR) shareholders (or potential shareholders) will be happy to see that the Independent Director, Samuel Szteinbaum, recently bought a whopping US$659k worth of stock, at a price of US$6.59. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 32%.

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The Last 12 Months Of Insider Transactions At Corsair Gaming

Notably, that recent purchase by Samuel Szteinbaum is the biggest insider purchase of Corsair Gaming shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$6.55. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Samuel Szteinbaum was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Corsair Gaming

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).

Does Corsair Gaming Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.3% of Corsair Gaming shares, worth about US$23m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Corsair Gaming Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. 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. Given that insiders also own a fair bit of Corsair Gaming we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Corsair Gaming, you should check out this free report on analyst forecasts for the company.

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.