Insiders were net buyers of iHeartMedia, Inc.'s (NASDAQ:IHRT ) 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for iHeartMedia

iHeartMedia Insider Transactions Over The Last Year

The Chairman & CEO Robert Pittman made the biggest insider purchase in the last 12 months. That single transaction was for US$206k worth of shares at a price of US$2.06 each. That means that an insider was happy to buy shares at above the current price of US$1.80. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Robert Pittman was the only individual insider to buy shares in the last twelve months.

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!

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

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that iHeartMedia insiders own about US$7.7m worth of shares (which is 2.7% of the company). We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At iHeartMedia Tell Us?

The fact that there have been no iHeartMedia insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think iHeartMedia insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing iHeartMedia. At Simply Wall St, we found 3 warning signs for iHeartMedia that deserve your attention before buying any shares.

But note: iHeartMedia 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.