Chief Commercial Officer Georges Antoun Just Bought 36% More Shares In First Solar, Inc. (NASDAQ:FSLR)
Those following along with First Solar, Inc. (NASDAQ:FSLR) will no doubt be intrigued by the recent purchase of shares by Georges Antoun, Chief Commercial Officer of the company, who spent a stonking US$1m on stock at an average price of US$101. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 36%.
View our latest analysis for First Solar
First Solar Insider Transactions Over The Last Year
Notably, that recent purchase by Georges Antoun is the biggest insider purchase of First Solar shares that we've seen in the last year. That implies that an insider found the current price of US$102 per share to be enticing. 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. Happily, the First Solar insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 14.93k shares for US$1.4m. On the other hand they divested 1.65m shares, for US$1.2m. In the last twelve months there was more buying than selling by First Solar insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
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. It's great to see that First Solar insiders own 11% of the company, worth about US$1.2b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At First Solar Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest First Solar insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing First Solar. At Simply Wall St, we found 3 warning signs for First Solar that deserve your attention before buying any shares.
But note: First Solar 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, but not derivative transactions.
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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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