Yahoo Finance This MarketAxess Holdings Insider Increased Their Holding By 12% Last Year
Viewing insider transactions for MarketAxess Holdings Inc.'s (NASDAQ:MKTX ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for MarketAxess Holdings
The Last 12 Months Of Insider Transactions At MarketAxess Holdings
The CEO & Director Christopher Concannon made the biggest insider purchase in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$241 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$196). 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. The only individual insider to buy over the last year was Christopher Concannon.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
MarketAxess Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
MarketAxess Holdings Insiders Are Selling The Stock
Over the last three months, we've seen significant insider selling at MarketAxess Holdings. Specifically, Independent Director Stephen Paul Casper ditched US$100k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Insider Ownership Of MarketAxess Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. MarketAxess Holdings insiders own 1.8% of the company, currently worth about US$134m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About MarketAxess Holdings Insiders?
An insider sold MarketAxess Holdings shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. We are also comforted by the high levels of insider ownership. So we're happy to look past recent trading. 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.
But note: MarketAxess Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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