Yahoo Finance The CFO & Principal Accounting Officer of fuboTV Inc. (NYSE:FUBO), John Janedis, Just Bought 233% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the fuboTV Inc. (NYSE:FUBO) CFO & Principal Accounting Officer, John Janedis, recently bought US$21k worth of stock, for US$2.94 per share. Even though that isn't a massive buy, it did increase their holding by 233%, which is arguably a good sign.
View our latest analysis for fuboTV
The Last 12 Months Of Insider Transactions At fuboTV
Notably, that recent purchase by CFO & Principal Accounting Officer John Janedis was not the only time they bought fuboTV shares this year. Earlier in the year, they paid US$8.04 per share in a US$24k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$2.91). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was John Janedis.
John Janedis bought 10.00k shares over the last 12 months at an average price of US$4.47. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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 fuboTV
For a common shareholder, it is worth checking how many shares are held by company 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. fuboTV insiders own about US$15m worth of shares. That equates to 2.7% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At fuboTV Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Insiders own shares in fuboTV and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing fuboTV. At Simply Wall St, we found 3 warning signs for fuboTV that deserve your attention before buying any shares.
Of course fuboTV 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, but not derivative transactions.
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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.
