It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in DocGo Inc.'s (NASDAQ:DCGO) case, it's fantastic 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 do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for DocGo

DocGo Insider Transactions Over The Last Year

The General Counsel, Ely Tendler, made the biggest insider sale in the last 12 months. That single transaction was for US$103k worth of shares at a price of US$4.44 each. That means that an insider was selling shares at slightly below the current price (US$5.04). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 26% of Ely Tendler's stake.

Over the last year, we can see that insiders have bought 78.50k shares worth US$265k. On the other hand they divested 39.59k shares, for US$174k. In total, DocGo insiders bought more than they sold 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!

DocGo is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

DocGo Insiders Are Selling The Stock

Over the last three months, we've seen significant insider selling at DocGo. Specifically, insiders ditched US$174k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

Does DocGo 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that DocGo insiders own 7.9% of the company, worth about US$40m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About DocGo Insiders?

Insiders sold stock recently, but they haven't been buying. But we take heart from prior transactions. And insiders do own shares. So the recent selling doesn't worry us too much. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 2 warning signs for DocGo (1 shouldn't be ignored) you should be aware of.

But note: DocGo 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.