One Blackboxstocks Inc. (NASDAQ:BLBX) insider upped their stake by 129% in the previous year

Simply Wall St
·3 min read

Insiders were net buyers of Blackboxstocks Inc.'s (NASDAQ:BLBX ) stock during the past year. That is, insiders bought more stock than they sold.

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.

Check out our latest analysis for Blackboxstocks

Blackboxstocks Insider Transactions Over The Last Year

The Non-Employee Independent Director Ray Balestri made the biggest insider purchase in the last 12 months. That single transaction was for US$87k worth of shares at a price of US$1.27 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.72). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Ray Balestri was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Blackboxstocks

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Blackboxstocks insiders own about US$3.9m worth of shares (which is 43% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Blackboxstocks Tell Us?

It doesn't really mean much that no insider has traded Blackboxstocks shares in the last quarter. However, our analysis of transactions over the last year is heartening. It would be great to see more insider buying, but overall it seems like Blackboxstocks insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for Blackboxstocks (3 are a bit concerning) you should be aware of.

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, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • SNP ends power-sharing deal with Scottish Greens over climate strategy

    Cabinet votes to leave historic Bute House agreement after government abandons emissions target

  • UK retail sales slide in April, early Easter may be partly to blame: CBI

    British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a survey showed on Thursday. The Confederation of British Industry's (CBI) monthly retail sales gauge, which measures volumes versus a year ago, fell to -44 from +2 in March. "April’s sharp fall in retail sales was likely related to the earlier timing of Easter this year, so we should take it with a pinch of salt," Alpesh Paleja, CBI lead economist, said.

  • Q1 2024 Maxlinear Inc Earnings Call

    Q1 2024 Maxlinear Inc Earnings Call

  • Customers love our self-checkouts, insists Sainsbury’s boss

    The boss of Sainsbury’s has insisted customers like self-checkout tills, even as other supermarkets ditch them because of a backlash.

  • UPS, FedEx transition to electric vans slowed by battery shortages, low supply

    UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's climate-warming tailpipe emissions. The path to electrification by the package delivery giants is critical to U.S. President Joe Biden's transportation climate goals. Achieving that aim, however, is hampered by battery shortages that are limiting EV supplies and keeping prices high, and by startup electric van makers that are running out of money and shutting down.

  • US SEC expected to deny spot ether ETFs next month, industry sources say

    U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said. VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.

  • Shoplifting offences soar to highest level in 20 years, new figures show

    More than 100,000 more shoplifting offences were recorded in 2023 than the previous year, figures reveal

  • Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes

    Mexican cement-maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to financial derivatives, although its operating earnings declined. The firm, one of the world's largest cement producers, posted a net profit of $254.4 million, beating analysts' estimate of $218.2 million as per LSEG data. Revenue inched up 3% year-over-year to $4.14 billion, just shy of analysts' estimate of $4.19 billion, despite volumes falling in all of its product segments.

  • Q1 2024 SEI Investments Co Earnings Call

    Q1 2024 SEI Investments Co Earnings Call

  • UPDATE 1-Chemicals maker Dow beats quarterly profit estimates

    Chemicals maker Dow beat first-quarter profit estimates on Thursday, helped by higher sales volumes as global manufacturing activity shows signs of growth. China's manufacturing activity expanded for the first time in six months in March while U.S. manufacturing grew for the first time in about 18 months, benefiting Dow whose products are used in a range of industries.

  • Challengers: Zendaya’s tennis love triangle serves up racquet-twanging steaminess

    All right, who’s for mixed doubles? Cinema has brought us love triangles in the world of professional tennis before – perhaps most memorably in George Cukor’s Pat and Mike and Woody Allen’s Match Point. But the sheer racquet-twanging steaminess of Luca Guadagnino’s new entry in the canon makes its forerunners look like games of back-garden swingball. Challengers must be the most purely pleasurable film of the year so far. Like a great tennis match, it’s a clash of sleekly honed bodies and minds,

  • Russell Salvatore accused of sexual harassment, discrimination

    In a lawsuit filed Wednesday, a former employee of Russell Salvatore has accused the restaurant owner of sexual harassment, discrimination and wrongful termination.

  • Futures falter as Meta Platforms weighs on megacaps

    Meta plunged 12.9% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue and raising fears the surging cost of AI is outpacing its benefits. Shares of some other growth stocks also fell, with Alphabet, Amazon.com and Microsoft down between 1.5% and 2.7%.

  • Fourth person arrested after five migrants die in Channel boat crossing tragedy

    An 18-year-old from Sudan has been arrested while a 19-year-old man was released without charge over the incident.

  • Yousaf hails ‘new beginning’ after terminating powersharing deal with Greens

    The Scottish First Minister has called time on the Bute House Agreement.

  • 42 new-in M&S summer dresses we predict will sell out first

    Whether you're planning a wedding guest outfit or your summer holiday looks, these are the dresses you should know about from Marks & Spencer.

  • Q1 2024 Prosperity Bancshares Inc Earnings Call

    Q1 2024 Prosperity Bancshares Inc Earnings Call

  • Runaway horses in ‘serious condition’ after bolting through central London

    Animals ran through rush-hour streets, colliding with vehicles and leaving four people in hospital

  • Explainer-How Trump's immunity claim stalled 2020 election subversion case

    The U.S. Supreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from criminal prosecution for actions he took as president, a claim that has delayed by months a case accusing him of trying to overturn his 2020 defeat. The federal case brought by Special Counsel Jack Smith charging Trump with trying to overturn his election defeat -- one of four criminal cases the Republican presidential candidate faces -- has been paused since December while the immunity argument plays out. Criminal defendants are not usually able to appeal court rulings until after a trial if they are convicted, but Trump was able to file an immediate appeal because the immunity argument bears on whether he must even face a trial.

  • SNP's power-sharing deal with the Scottish Greens collapses

    It follows the government's decision to scrap key climate targets and its response to a review into gender services.