Whilst it may not be a huge deal, we thought it was good to see that the TrueBlue, Inc. (NYSE:TBI) CEO, President & Director, Taryn Owen, recently bought US$76k worth of stock, for US$5.94 per share. However, it only increased their shares held by 9.6%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for TrueBlue

The Last 12 Months Of Insider Transactions At TrueBlue

In fact, the recent purchase by Taryn Owen was the biggest purchase of TrueBlue 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$6.19 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

TrueBlue insiders may have bought shares in the last year, but they didn't sell any. 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!

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

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that TrueBlue insiders own about US$5.7m worth of shares (which is 3.1% of the company). We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At TrueBlue Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that TrueBlue insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for TrueBlue.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.