Crown Castle International Corp. (REIT) (NYSE:CCI) shareholders (or potential shareholders) will be happy to see that the Independent Chairman of the Board, J. Martin, recently bought a whopping US$2.1m worth of stock, at a price of US$192. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 6.3%.
The Last 12 Months Of Insider Transactions At Crown Castle International (REIT)
Notably, that recent purchase by J. Martin is the biggest insider purchase of Crown Castle International (REIT) shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$193. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Crown Castle International (REIT) share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 34.11k shares for US$5.8m. But insiders sold 22.30k shares worth US$3.6m. Overall, Crown Castle International (REIT) insiders were net buyers during the last year. The average buy price was around US$171. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!
Crown Castle International (REIT) is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Crown Castle International (REIT) insiders own 0.5% of the company, currently worth about US$422m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Crown Castle International (REIT) Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Crown Castle International (REIT). That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Crown Castle International (REIT). At Simply Wall St, we've found that Crown Castle International (REIT) has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.