i3 Verticals, Inc. (NASDAQ:IIIV) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Gregory Daily, recently bought a whopping US$2.1m worth of stock, at a price of US$23.76. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 39%.

i3 Verticals Insider Transactions Over The Last Year

Notably, that recent purchase by Gregory Daily is the biggest insider purchase of i3 Verticals shares that we've seen in the last year. That implies that an insider found the current price of US$24.86 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. Happily, the i3 Verticals insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Gregory Daily.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

i3 Verticals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does i3 Verticals 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. Our data indicates that i3 Verticals insiders own about US$7.5m worth of shares (which is 0.9% of the company). We do generally prefer see higher levels of insider ownership.

So What Do The i3 Verticals Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that i3 Verticals insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for i3 Verticals.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.