Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Auburn National Bancorporation, Inc. (NASDAQ:AUBN), it sends a favourable message to the company's shareholders.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Auburn National Bancorporation Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when President David Hedges bought US$176k worth of shares at a price of US$17.75 per share. We do like to see buying, but this purchase was made at well below the current price of US$21.65. 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.

Auburn National Bancorporation insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Auburn National Bancorporation

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

Auburn National Bancorporation Insiders Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at Auburn National Bancorporation. Insiders purchased US$12k worth of shares in that period. We like it when there are only buyers, and no sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Insider Ownership Of Auburn National Bancorporation

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Auburn National Bancorporation insiders own 17% of the company, worth about US$13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Auburn National Bancorporation Tell Us?

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. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Auburn National Bancorporation and we see no evidence to suggest they are worried about the future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Auburn National Bancorporation has 2 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

Of course Auburn National Bancorporation 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.