American Bitcoin Corp. (NASDAQ:ABTC) shareholders (or potential shareholders) will be happy to see that the Independent Director, Justin Mateen, recently bought a whopping US$1.9m worth of stock, at a price of US$6.29. That purchase boosted their holding by 166%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
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American Bitcoin Insider Transactions Over The Last Year
In fact, the recent purchase by Justin Mateen was the biggest purchase of American Bitcoin shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$6.47. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months American Bitcoin insiders were buying shares, but not selling. They paid about US$10.71 on average. I'd consider this a positive as it suggests insiders see value at around the current 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!
View our latest analysis for American Bitcoin
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of American Bitcoin
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that American Bitcoin insiders own 7.1% of the company, worth about US$34m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
