In this article, I will feature one tech stock that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increased their holdings by more than 10%.
Tremor Video (NYSE:TRMR) provides technology-driven video advertising solutions for advertisers and agencies, and publisher partners in the United States and internationally.
Insider buying during the last 30 days
Here is a table of Tremor Video's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Adam Lichstein||SVP||Nov 13||4,000||4,000 shares||from 0 to 4,000|
|Todd Sloan||CFO||Nov 13||5,000||10,000 shares||+100%|
|William Day||CEO||Nov 13||6,000||21,000 shares||+40.0%|
|Rachel Lam||Director||Nov 12||1,000||3,500 shares||+40.0%|
|James Rossman||Director||Nov 12||5,000||92,381 shares||+5.7%|
There have been 21,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Tremor Video's insider-trading activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 53,600 shares purchased and there have been zero shares sold by insiders since June 2013.
Tremor Video reported the third-quarter financial results on November 7 with the following highlights:
|Adjusted EBITDA||$0.1 million|
|Net loss||$18.1 million|
Tremor Video's guidance is as follows:
|Revenue||$29.5-$30.5 million||$125-$126 million|
|Adjusted EBITDA||-$2.6 to -$2.1 million||-$3.2 to -$2.7 million|
Tremor Video has the lowest P/S ratio among these four companies.
Here is a table of these competitors' insider-trading activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Tremor Video has seen intensive insider buying during the last 30 days.
There have been five different insiders buying Tremor Video and there have not been any insiders selling Tremor Video during the last 30 days. Four of these five insiders increased their holdings by more than 10%.
There are four analyst buy ratings, zero neutral ratings, and zero sell ratings with an average price target of $8.31.
Tremor Video reported the third-quarter financial results on November 7, and the stock plunged on the following day. The insiders started buying the shares on November 12. I believe the current price level could be a good entry point for the stock based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in TRMR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.