President of Lumen Technologies Picks Up 8.9% More Stock

Those following along with Lumen Technologies, Inc. (NYSE:LUMN) will no doubt be intrigued by the recent purchase of shares by Kathleen Johnson, President of the company, who spent a stonking US$960k on stock at an average price of US$1.28. While that only increased their holding size by 8.9%, it is still a big swing by our standards.

View our latest analysis for Lumen Technologies

Lumen Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by President Kathleen Johnson was not the only time they bought Lumen Technologies shares this year. They previously made an even bigger purchase of US$970k worth of shares at a price of US$0.97 per share. We do like to see buying, but this purchase was made at well below the current price of US$1.30. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While Lumen Technologies insiders bought shares during the last year, they didn't sell. Their average price was about US$1.14. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Lumen Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.0% of Lumen Technologies shares, worth about US$26m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Lumen Technologies 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. Given that insiders also own a fair bit of Lumen Technologies 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 Lumen Technologies, you should check out this free report on analyst forecasts for the company.

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.