Insiders were net buyers of ModivCare Inc.'s (NASDAQ:MODV ) 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, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for ModivCare

The Last 12 Months Of Insider Transactions At ModivCare

In the last twelve months, the biggest single purchase by an insider was when CEO, President L. Sampson bought US$121k worth of shares at a price of US$34.57 per share. Even though the purchase was made at a significantly lower price than the recent price (US$42.56), 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.

L. Sampson bought a total of 5.50k shares over the year at an average price of US$41.16. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

ModivCare is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does ModivCare Boast High 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. We usually like to see fairly high levels of insider ownership. From our data, it seems that ModivCare insiders own 1.0% of the company, worth about US$5.6m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At ModivCare Tell Us?

It doesn't really mean much that no insider has traded ModivCare shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more ModivCare stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for ModivCare and we suggest you have a look.

Of course ModivCare 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.