When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Alight, Inc.'s (NYSE:ALIT) instance, it's good news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

The Last 12 Months Of Insider Transactions At Alight

Over the last year, we can see that the biggest insider purchase was by Independent Director Richard Massey for US$322k worth of shares, at about US$6.45 per share. We do like to see buying, but this purchase was made at well below the current price of US$8.92. 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.

In the last twelve months Alight insiders were buying shares, but not selling. 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!

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

Insiders At Alight Have Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at Alight. insider Matthew Levin shelled out US$25k for shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Insider Ownership Of Alight

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. Alight insiders own 5.6% of the company, currently worth about US$279m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Alight Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Alight insiders feel good about the company's future. Of course, the future is what matters most. So if you are interested in Alight, you should check out this free report on analyst forecasts for the company.

Of course Alight 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.