Albert White Bought 4.4% More Shares In Cooper Companies

Those following along with The Cooper Companies, Inc. (NASDAQ:COO) will no doubt be intrigued by the recent purchase of shares by Albert White, President of the company, who spent a stonking US$808k on stock at an average price of US$80.80. 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 4.4%.

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The Last 12 Months Of Insider Transactions At Cooper Companies

Notably, that recent purchase by Albert White is the biggest insider purchase of Cooper Companies 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$82.88. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Cooper Companies 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!

See our latest analysis for Cooper Companies

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

Does Cooper Companies Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cooper Companies insiders own about US$95m worth of shares. That equates to 0.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Cooper Companies Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Cooper Companies we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Cooper Companies, you should check out this free report on analyst forecasts for the company.

But note: Cooper Companies 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.