Yahoo Finance iHeartMedia Insider Ups Holding During Year
Looking at iHeartMedia, Inc.'s (NASDAQ:IHRT ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for iHeartMedia
iHeartMedia Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman & CEO Robert Pittman for US$206k worth of shares, at about US$2.06 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.15). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Robert Pittman was the only individual insider to buy shares in the last twelve months.
Robert Pittman bought 158.48k shares over the last 12 months at an average price of US$2.57. 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!
iHeartMedia 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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, iHeartMedia insiders have about 2.0% of the stock, worth approximately US$3.6m. We consider this fairly low insider ownership.
So What Do The iHeartMedia Insider Transactions Indicate?
The fact that there have been no iHeartMedia insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more iHeartMedia stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing iHeartMedia. While conducting our analysis, we found that iHeartMedia has 3 warning signs and it would be unwise to ignore these.
Of course iHeartMedia may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
