Insider Purchases $226k Worth of Pitney Bowes Stock
Investors keeping an eye on Pitney Bowes Inc. (NYSE:PBI) might find it interesting that Director Paul Evans recently bought US$226k worth of stock, at a price of US$7.80 per share. While this purchase may not be the largest in terms of percentage or value, it could still be a positive signal.
Looking back over the past year, this purchase by Paul Evans stands out as the biggest insider buy of Pitney Bowes shares. This suggests that Evans saw potential in the stock at the current price of US$8.05 per share. It’s always encouraging to see insiders buying shares, especially when they do so at prices close to the current market value.
In the last year, Paul Evans was the sole individual insider making a purchase. You can track insider transactions over the past year in the chart below. And remember, Pitney Bowes isn’t the only stock insiders are bullish on—there are plenty of other small cap companies with recent insider purchases worth exploring as well.
When it comes to insider ownership, Pitney Bowes insiders hold approximately US$27 million worth of shares, which is equivalent to 1.9% of the company. While this level of insider ownership shows some alignment with shareholders, it’s not exceptionally high. Still, it’s a good sign to see insiders with a stake in the company.
Overall, the recent insider purchase, coupled with insider ownership and previous transactions, may indicate that insiders see value in Pitney Bowes stock. However, it’s essential to note that the company did report a loss last year, which could be a red flag for some investors. So, while insider activity can provide valuable insights, it’s crucial to consider all aspects of a company before making investment decisions. If you’re interested in exploring other potential investment opportunities, check out this free list of high-quality companies. Remember, this article is based on historical data and analyst forecasts and should not be taken as financial advice. Reach out to us with any feedback or concerns directly.
