When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Broadstone Net Lease, Inc.'s (NYSE:BNL) instance, it's good 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Broadstone Net Lease

The Last 12 Months Of Insider Transactions At Broadstone Net Lease

In the last twelve months, the biggest single purchase by an insider was when CEO & Director John Moragne bought US$148k worth of shares at a price of US$14.77 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$17.59. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 29.00k shares worth US$427k. But insiders sold 6.32k shares worth US$98k. Overall, Broadstone Net Lease insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Broadstone Net Lease is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Broadstone Net Lease Boast High Insider Ownership?

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. Insiders own 1.1% of Broadstone Net Lease shares, worth about US$38m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Broadstone Net Lease Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Broadstone Net Lease insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Broadstone Net Lease. At Simply Wall St, we've found that Broadstone Net Lease has 3 warning signs (2 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

Of course Broadstone Net Lease may not be the best stock to buy. So you may wish to see this free collection of high quality 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.