In the last year, multiple insiders have substantially increased their holdings of Centuri Holdings, Inc. (NYSE:CTRI) stock, indicating that insiders' optimism about the company's prospects has increased.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

The Last 12 Months Of Insider Transactions At Centuri Holdings

The Independent Director Anne Mariucci made the biggest insider purchase in the last 12 months. That single transaction was for US$1.5m worth of shares at a price of US$21.00 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$18.60). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Centuri Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Centuri Holdings Insiders Bought Stock Recently

It's good to see that Centuri Holdings insiders have made notable investments in the company's shares. We can see that Director William Fehrman paid US$330k for shares in the company. No-one sold. That shows some optimism about the company's future.

Insider Ownership Of Centuri Holdings

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Centuri Holdings insiders own 0.2% of the company, worth about US$3.3m. We consider this fairly low insider ownership.

What Might The Insider Transactions At Centuri Holdings Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Centuri Holdings stock. Of course, the future is what matters most. So if you are interested in Centuri Holdings, you should check out this free report on analyst forecasts for the company.

But note: Centuri Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.