Independent Chairman Donald Listwin Just Bought 2.8% More Shares In Calix, Inc. (NYSE:CALX)
NYSE:CALX) shareholders (or potential shareholders) will be happy to see that the Independent Chairman, Donald Listwin, recently bought a whopping US$560k worth of stock, at a price of US$19.95. 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 2.8%.” data-reactid=”28″>Calix, Inc. (NYSE:CALX) shareholders (or potential shareholders) will be happy to see that the Independent Chairman, Donald Listwin, recently bought a whopping US$560k worth of stock, at a price of US$19.95. 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 2.8%.
View our latest analysis for Calix ” data-reactid=”29″> View our latest analysis for Calix
The Last 12 Months Of Insider Transactions At Calix
Notably, that recent purchase by Donald Listwin is the biggest insider purchase of Calix 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$20.42. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for Calix share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 123.56k shares for US$1.7m. But insiders sold 20.00k shares worth US$153k. In the last twelve months there was more buying than selling by Calix insiders. Their average price was about US$13.70. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below 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!
list of growing companies with recent insider purchasing, could be just the ticket.” data-reactid=”49″>Calix 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 Calix Boast High Insider Ownership?
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. Calix insiders own 13% of the company, currently worth about US$157m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Calix Tell Us?
2 warning signs for Calix and we suggest you have a look.” data-reactid=”53″>It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don’t feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Calix. Looks promising! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Calix. You’d be interested to know, that we found 2 warning signs for Calix and we suggest you have a look.
collection of high quality companies.” data-reactid=”54″>Of course Calix may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”56″>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.
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