William Styslinger Is The Independent Director of Casa Systems, Inc. (NASDAQ:CASA) And They Just Picked Up 25% More Shares

·3 min read

Those following along with Casa Systems, Inc. (NASDAQ:CASA) will no doubt be intrigued by the recent purchase of shares by William Styslinger, Independent Director of the company, who spent a stonking US$533k on stock at an average price of US$4.14. Not only is that a big swing, but it increased their holding size by 25%, which is definitely great to see.

See our latest analysis for Casa Systems

The Last 12 Months Of Insider Transactions At Casa Systems

In fact, the recent purchase by William Styslinger was the biggest purchase of Casa Systems shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$4.40. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Casa Systems insiders decided to buy shares at close to current prices.

While Casa Systems insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

Casa Systems is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Casa Systems Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 17% of Casa Systems shares, worth about US$71m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Casa Systems Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Casa Systems insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Casa Systems. At Simply Wall St, we found 3 warning signs for Casa Systems that deserve your attention before buying any shares.

But note: Casa Systems 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, but not derivative transactions.

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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.

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