Insiders are finding extreme value in their stocks.
Remember, if they’re putting their money where their mouths are, take a closer look at the stock. But as always, don’t just rely on insider buying when buying anything. Do your own research into its fundamentals and technical pivot points.
Look at Vimeo (VMEO).
After dropping on a mixed fourth quarter earnings report, four insiders just bought about $350,000 worth of the VMEO stock. CEO Philip Moyer paid $100,000 on February 21 for 18,519 Vimeo shares, at an average price of $5.40 a share.
“These purchases clearly demonstrate the belief our leadership team has in the accelerating opportunity in our market and at Vimeo,” Moyer said as quoted by Barron’s. “I am excited about our strategy, the investment plan and the customer traction we are observing. My colleagues and I are betting on ourselves to capture this market opportunity, propel growth, and increase shareholder value.”
Chief product and technology officer Bob Petrocelli paid $108,000 for 20,000 shares. Chairman Glenn Schiffman paid $106,200 for 20,000 shares. And CFO Giilian Munson paid about $39,330 for 7,272 shares at an average price of $5.41 each.
Sincerely,
Ian Cooper
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