Insider Spends US$97k Buying More Shares In OPAL Fuels
Even if it's not a huge purchase, we think it was good to see that Adam Comora, the Co-Chief Executive Officer of OPAL Fuels Inc. (NASDAQ:OPAL) recently shelled out US$97k to buy stock, at US$1.93 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 11%.
The Last 12 Months Of Insider Transactions At OPAL Fuels
Over the last year, we can see that the biggest insider purchase was by Director Scott Sutton for US$98k worth of shares, at about US$1.95 per share. That implies that an insider found the current price of US$1.98 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months OPAL Fuels 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for OPAL Fuels
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of OPAL Fuels
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. Insiders own 1.8% of OPAL Fuels shares, worth about US$6.2m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At OPAL Fuels Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that OPAL Fuels insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OPAL Fuels. At Simply Wall St, we found 1 warning sign for OPAL Fuels that deserve your attention before buying any shares.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.