When an individual insider buys shares, it’s generally not a big deal. However, when multiple insiders buy, as in the case of TETRA Technologies, Inc. (NYSE:TTI) is sending a positive message to the company’s shareholders.
While we don’t think shareholders should simply track insider transactions, we still think it’s perfectly logical to keep an eye on insider activity.
Check out our latest analysis for TETRA Technologies
TETRA Technologies insider transactions in the last year
The largest single purchase by an insider in the last twelve months came when Senior VP and CFO Elijio Serrano bought $104,000 worth of shares at a price of $3.45 per share. Even though the purchase was made at a significantly lower price than the current price ($4.31), we still consider insider buying a positive. While this suggests insiders believe the stock is undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
TETRA Technologies insiders bought shares last year, but didn’t sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the graphic below you can see the exact details of each insider transaction!
TETRA Technologies isn’t the only stock insiders are buying. For those who like to find successful investments The free A list of growing companies with recent insider purchases might be just the ticket.
Insider ownership of TETRA Technologies
Looking at the total insider shareholdings in a company can help inform your view of whether they are well aligned with common shareholders. I think it’s a good sign if insiders own a significant number of shares in the company. TETRA Technologies insiders own around $55 million worth of shares. This corresponds to 9.6% of the company. While this is a strong but not outstanding level of insider ownership, it is enough to suggest some alignment between management and smaller shareholders.
What could the insider transactions at TETRA Technologies tell us?
There have been no insider transactions in the last three months – that doesn’t mean much. On the positive side, last year’s transactions are encouraging. Overall, we don’t see anything that makes us think TETRA Technologies insiders have doubts about the company, and they own shares. So these insider transactions can help us form a thesis about the stock, but it’s also worth knowing the risks this company faces. You would be interested to know what we found 1 warning sign for TETRA Technologies and we recommend you take a look.
Naturally, You might find a fantastic investment if you look elsewhere. So take a look free List of interesting companies.
Insiders within the meaning of this article are persons who report their transactions to the relevant supervisory authority. We currently only consider open market transactions and private dispositions of direct holdings, but not derivative transactions or indirect holdings.
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Find out whether TETRA Technologies may be overvalued or undervalued by checking out our comprehensive analysis Fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.