Have Insiders Been Buying Document Security Systems, Inc.
(NYSE MKT: DSS ) Shares?
(Remember, they are about to release a product furnished by ACS to the world of which they have already have 10's of millions of users with numerous devices each, and each of the subscribing users have numerous family members with multiple devices). StrikeForce could be looking at 100's of millions of devices that would be protected with their technology
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares in Document Security Systems, Inc. (NYSE MKT: DSS).
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We don't think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
See our latest analysis for Document Security Systems
The Last 12 Months Of Insider Transactions At Document Security Systems
In the last twelve months, the biggest single purchase by an insider was when insider Fai Ambrose Heng bought US $ 1.0 million worth of shares at a price of US $ 0.50 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.41). 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders bought 2.6 million shares for a total of US $ 1.6 million. While Document Security Systems insiders bought shares last year, they didn't sell. The average buy price was around US$0.61. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
AMEX: DSS Recent Insider Trading, September 12th 2019
AMEX: DSS Recent Insider Trading, September 12th 2019
More
Document Security Systems is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Document Security Systems
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. Insiders own 19% of Document Security Systems shares , worth about US $ 2.3 million. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Document Security Systems Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Document Security Systems shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Document Security Systems insiders are doubting the company, and they do own shares. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
(NYSE MKT: DSS ) Shares?
(Remember, they are about to release a product furnished by ACS to the world of which they have already have 10's of millions of users with numerous devices each, and each of the subscribing users have numerous family members with multiple devices). StrikeForce could be looking at 100's of millions of devices that would be protected with their technology
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we'll take a look at whether insiders have been buying or selling shares in Document Security Systems, Inc. (NYSE MKT: DSS).
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We don't think shareholders should simply follow insider transactions. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.
See our latest analysis for Document Security Systems
The Last 12 Months Of Insider Transactions At Document Security Systems
In the last twelve months, the biggest single purchase by an insider was when insider Fai Ambrose Heng bought US $ 1.0 million worth of shares at a price of US $ 0.50 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.41). 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders bought 2.6 million shares for a total of US $ 1.6 million. While Document Security Systems insiders bought shares last year, they didn't sell. The average buy price was around US$0.61. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
AMEX: DSS Recent Insider Trading, September 12th 2019
AMEX: DSS Recent Insider Trading, September 12th 2019
More
Document Security Systems is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Document Security Systems
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. Insiders own 19% of Document Security Systems shares , worth about US $ 2.3 million. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Document Security Systems Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Document Security Systems shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Document Security Systems insiders are doubting the company, and they do own shares. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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