Those following along with i3 Verticals, Inc. (NASDAQ:IIIV) will no doubt be intrigued by the recent purchase of shares by Gregory Daily, Chairman & CEO of the company, who spent a stonking US$2.1m on stock at an average price of US$23.76. Not only is that a big swing, but it increased their holding size by 39%, which is definitely great to see.

View our latest analysis for i3 Verticals

i3 Verticals Insider Transactions Over The Last Year

In fact, the recent purchase by Gregory Daily was the biggest purchase of i3 Verticals shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$24.86 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the i3 Verticals insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Gregory Daily.

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).

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that i3 Verticals insiders own about US$7.5m worth of shares (which is 0.9% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About i3 Verticals Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. 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 i3 Verticals insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for i3 Verticals.

But note: i3 Verticals 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.