Baijiayun Group Ltd (NASDAQ:RTC) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 21%, resulting in a US$83m rise in the company's market capitalisation, translating to a gain of 340% on their initial investment.  As a result, their original purchase of US$496.0k worth of stock is now worth US$2.18m.    

Although we don't think shareholders should simply follow insider transactions,  logic dictates you should pay some attention to whether insiders are buying or selling shares.

The Last 12 Months Of Insider Transactions At Baijiayun Group

The insider Gangjiang Li made the biggest insider purchase in the last 12 months. That single transaction was for US$496k worth of shares at a price of US$1.24 each.   Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$5.45.  Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.  

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below.  By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGM:RTC Insider Trading Volume June 10th 2024

Baijiayun Group 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 Baijiayun Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders.  We usually like to see fairly high levels of insider ownership.   Baijiayun Group insiders own about US$31m worth of shares. That equates to 32% 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.