BrightView Holdings Independent Director Acquires 37% More Stock

Those following along with BrightView Holdings, Inc. (NYSE:BV) will no doubt be intrigued by the recent purchase of shares by William Cornog, Independent Director of the company, who spent a stonking US$562k on stock at an average price of US$11.25. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 37%.

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BrightView Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Executive VP & CFO, Brett Urban, for US$1.1m worth of shares, at about US$14.66 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$11.45. So it may not tell us anything about how insiders feel about the current share price.

In total, BrightView Holdings insiders sold more than they bought over the last year. 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!

View our latest analysis for BrightView Holdings

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Insider Ownership Of BrightView Holdings

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that BrightView Holdings insiders own 3.6% of the company, worth about US$38m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At BrightView Holdings Tell Us?

It is good to see the recent insider purchase. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by BrightView Holdings insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. In short they are likely aligned with shareholders. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing BrightView Holdings. At Simply Wall St, we found 1 warning sign for BrightView Holdings that deserve your attention before buying any shares.

But note: BrightView 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.