As Forrester Group Inc. (NYSE:FOR) market cap grew by US$53 million, insiders who bought last year may consider buying more


insiders who bought Forrester Group Inc. (NYSE:FOR) stock was handsomely rewarded last week for its gains over the past 12 months. The stock’s 7.7% gain in the same period resulted in an increase of US$53m in the company’s market value. As a result, the stock originally purchased for US$168k is now worth US$174k.

While we would never suggest that investors base their decisions solely on what a company’s directors are doing, logic suggests that you should pay some attention to whether insiders own shares. Buying or selling.

Our analysis shows that FOR is potentially underestimated!

Last 12 Months of Insider Trading at Forrester Group

During the past year, we can see that the largest insider sale was made by Independent Director, Lisa Jamieson for shares worth US$54k, at approximately US$21.56 per share. We usually don’t like to see insider selling, but the lower the sale price, the more it worries us. The good news is that this big sell was well above the current price of US$14.75. Hence it may not shed much light on insider confidence at current levels.

Insiders purchased 11.80k shares for US$168k in the last twelve months. On the other hand he divested 4.50k shares for US$94k. There were more buying than selling by Forrester Group insiders over the past twelve months. They paid around US$14.28 on average. These transactions show that insiders have the confidence to invest their money in the stock, even if it is slightly lower than the recent price. You can see a visual illustration of insider trading (by companies and individuals) over the past 12 months below. If you click on the chart, you can see all individual transactions including share price, date and time!

insider-trading-volume
NYSE: November 25, 2022 for Insider Trading Volume

Forrester Group isn’t the only stock that insiders are buying. for those who like to explore winning investment This free The list of companies growing with recent insider purchases, may be just the ticket.

Forrester Group insiders recently bought the stock

It’s good to see that Forrester Group insiders have made a significant investment in the company’s stock. In total, insiders purchased US$91k worth of shares at that time, and we did not record any sales. This shows some optimism about the company’s future.

inside ownership

Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. Generally, the higher the insider ownership, the more likely it is that insiders will be encouraged to hold the company for the long term. Our data shows that Forrester Group insiders own 0.4% of the company, which is worth approximately US$2.9m. I generally like to see a higher level of ownership.

So what do the Forrester Group insider transactions indicate?

Nice to see the recent purchases. And the analysis of last year’s transactions also assures us. We certainly would have liked to see higher levels of insider ownership but an analysis of insider transactions shows that Forrester Group insiders are looking forward to a bright future. While we like to know what is going on with insider ownership and trading, we also make sure to understand what risks the stock is facing before making any investment decisions. In terms of investment risks, We have identified 1 warning sign With Forrester Group and understanding this should be part of your investment process.

If you prefer to check out another company – potentially one with better financials – don’t miss this one. free List of interesting companies that have high return on equity and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivatives transactions.

Valuation is complicated, but we’re helping to make it simple.

find out whether Forester Group potentially overpriced or underpriced by checking out our comprehensive analysis, which includes Fair Value Estimates, Risks and Warnings, Dividends, Insider Trading and Financial Health.

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This Simply Wall St article is general in nature. We only provide commentary based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock, and does not take into account 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 Street has no position in any of the stocks mentioned.



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