NYSE:PSN) should definitely note that the President & COO, Carey Smith, recently paid US$35.38 per share to buy US$265k worth of the stock. We reckon that’s a good sign, especially since the purchase boosted their holding by 152%.” data-reactid=”28″>Investors who take an interest in Parsons Corporation (NYSE:PSN) should definitely note that the President & COO, Carey Smith, recently paid US$35.38 per share to buy US$265k worth of the stock. We reckon that’s a good sign, especially since the purchase boosted their holding by 152%.
See our latest analysis for Parsons ” data-reactid=”29″>See our latest analysis for Parsons
The Last 12 Months Of Insider Transactions At Parsons
The CFO & Executive VP George Ball made the biggest insider purchase in the last 12 months. That single transaction was for US$882k worth of shares at a price of US$29.40 each. That means that an insider was happy to buy shares at around the current price of US$36.42. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we’re pleased to report that the insider purchases were made at close to current prices.
Parsons insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
list of companies. (Hint: insiders have been buying them).” data-reactid=”49″>There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Parsons
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Parsons insiders own 0.3% of the company, worth about US$11m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Parsons Insiders?
report showing analyst forecasts for its future.” data-reactid=”53″>The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Parsons insiders are well aligned, and that they may think the share price is too low. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
list of interesting companies.” data-reactid=”54″>Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”56″>This article by Simply Wall St is general in nature. 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.