Insider Buying: The Beyond Air, Inc. (NASDAQ:XAIR) CEO & Chairman of the Board Just Bought US$697k Worth Of Shares

Those following along with Beyond Air, Inc. (NASDAQ:XAIR) will no doubt be intrigued by the recent purchase of shares by Steven Lisi, CEO & Chairman of the Board of the company, who spent a stonking US$697k on stock at an average price of US$3.66. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 30%.

Check out our latest analysis for Beyond Air

Beyond Air Insider Transactions Over The Last Year

Notably, that recent purchase by Steven Lisi is the biggest insider purchase of Beyond Air shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$4.33. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Beyond Air share holders is that insiders were buying at near the current price.

While Beyond Air insiders bought shares last year, they didn't sell. The average buy price was around US$4.17. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Beyond Air insiders own about US$12m worth of shares. That equates to 19% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Beyond Air Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Beyond Air shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Beyond Air.

But note: Beyond Air 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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