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Insider Buying: The Baker Hughes Company (NYSE:BKR) Chairman Just Bought US$300k Worth Of Shares

Potential Baker Hughes Company (NYSE:BKR) shareholders may wish to note that the Chairman, Lorenzo Simonelli, recently bought US$300k worth of stock, paying US$19.49 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 10%.

Check out our latest analysis for Baker Hughes

Baker Hughes Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Executive Vice President of Global Operations, Uwem Ukpong, sold US$394k worth of shares at a price of US$23.62 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$19.48. So it may not shed much light on insider confidence at current levels.

Happily, we note that in the last year insiders paid US$920k for 45.37k shares. But they sold 25881 shares for US$602k. In total, Baker Hughes insiders bought more than they sold over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NYSE:BKR Recent Insider Trading, February 25th 2020
NYSE:BKR Recent Insider Trading, February 25th 2020

Baker Hughes is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Baker Hughes insiders own 0.1% of the company, worth about US$26m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Baker Hughes Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Baker Hughes we think they are probably pretty confident of a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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, 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.