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Consensus Cloud Solutions Insiders Recover Some Losses, Which Stand At US$72k

Simply Wall St ·  May 10 23:11

Insiders who bought US$152.9k worth of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) stock in the last year have seen some of their losses recouped as the stock gained 47% last week. However, total losses seen by insiders are still US$72k since the time of purchase.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

The Last 12 Months Of Insider Transactions At Consensus Cloud Solutions

In the last twelve months, the biggest single purchase by an insider was when CFO & Principal Accounting Officer James Malone bought US$153k worth of shares at a price of US$33.98 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$18.00). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. James Malone was the only individual insider to buy shares in the last twelve months.

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!

insider-trading-volume
NasdaqGS:CCSI Insider Trading Volume May 10th 2024

Consensus Cloud Solutions 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.

Does Consensus Cloud Solutions Boast High Insider Ownership?

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. Our data suggests Consensus Cloud Solutions insiders own 1.7% of the company, worth about US$4.3m. We consider this fairly low insider ownership.

So What Does This Data Suggest About Consensus Cloud Solutions Insiders?

It doesn't really mean much that no insider has traded Consensus Cloud Solutions shares in the last quarter. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Consensus Cloud Solutions insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Consensus Cloud Solutions. Every company has risks, and we've spotted 3 warning signs for Consensus Cloud Solutions (of which 2 don't sit too well with us!) you should know about.

Of course Consensus Cloud Solutions may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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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