When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in BrightSpring Health Services, Inc.'s (NASDAQ:BTSG) instance, it's good news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for BrightSpring Health Services

The Last 12 Months Of Insider Transactions At BrightSpring Health Services

In the last twelve months, the biggest single purchase by an insider was when Chairman Jon Rousseau bought US$304k worth of shares at a price of US$8.12 per share. Even though the purchase was made at a significantly lower price than the recent price (US$12.04), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months BrightSpring Health Services insiders were buying shares, but not selling. 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At BrightSpring Health Services Have Bought Stock Recently

There was some insider buying at BrightSpring Health Services over the last quarter. Independent Director Matthew D'Ambrosio bought US$11k worth of shares in that time. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.

Does BrightSpring Health Services 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. We usually like to see fairly high levels of insider ownership. BrightSpring Health Services insiders own about US$22m worth of shares. That equates to 1.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At BrightSpring Health Services Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in BrightSpring Health Services and their transactions don't cause us concern. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for BrightSpring Health Services.