Those following along with Progyny, Inc. (NASDAQ:PGNY) will no doubt be intrigued by the recent purchase of shares by Peter Anevski, CEO & Director of the company, who spent a stonking US$3.0m on stock at an average price of US$14.48. That purchase boosted their holding by 136%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Progyny

The Last 12 Months Of Insider Transactions At Progyny

Notably, that recent purchase by Peter Anevski is the biggest insider purchase of Progyny shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (US$16.90), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 359.50k shares for US$5.2m. But they sold 1.46k shares for US$42k. In total, Progyny insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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 Of Progyny

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Progyny insiders own about US$24m worth of shares. That equates to 1.7% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Progyny Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Progyny insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Progyny, you should check out this free report on analyst forecasts for the company.

But note: Progyny 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.