Executive Chairman & Principal Executive Officer of Beyond Marcus Lemonis Buys 4.4% More Shares

Even if it's not a huge purchase, we think it was good to see that Marcus Lemonis, the Executive Chairman & Principal Executive Officer of Beyond, Inc. (NYSE:BYON) recently shelled out US$97k to buy stock, at US$5.03 per share. However, it only increased their shares held by 4.4%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Beyond

The Last 12 Months Of Insider Transactions At Beyond

Notably, that recent purchase by Executive Chairman & Principal Executive Officer Marcus Lemonis was not the only time they bought Beyond shares this year. Earlier in the year, they paid US$6.37 per share in a US$1m purchase. That means that even when the share price was higher than US$5.62 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Over the last year, we can see that insiders have bought 315.65k shares worth US$2.5m. But they sold 10.41k shares for US$97k. In the last twelve months there was more buying than selling by Beyond insiders. Their average price was about US$7.87. 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!

Beyond is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Beyond

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Beyond insiders own 2.7% of the company, worth about US$7.4m. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Beyond Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Beyond insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 4 warning signs for Beyond (1 is potentially serious!) that we believe deserve your full attention.

Of course Beyond 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.