On October 30, 2024, Sanford Rich, a Director at Unusual Machines Inc (UMAC, Financial), purchased 65,789 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 118,696 shares of Unusual Machines Inc.
Unusual Machines Inc specializes in the design and manufacture of innovative machinery solutions for various industries. This insider purchase reflects a significant investment in the company's stock, directly aligning the insider's interests with those of the shareholders.
Over the past year, Sanford Rich has increased his holdings in the company by purchasing a total of 68,089 shares. There have been no sales recorded by the insider during this period. The recent acquisition is part of a broader trend of insider buying at Unusual Machines Inc, with a total of 4 insider buys and no insider sells over the past year.
Shares of Unusual Machines Inc were priced at $1.52 on the day of the transaction. The company currently holds a market cap of $11.567 million. Investors often monitor insider buying as it may signal confidence in the company's future prospects.
For further insights into the company's valuation metrics such as GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, potential investors can visit the respective links.
This insider trend image provides a visual representation of the buying and selling activities by insiders, helping investors gauge the internal sentiment towards the company's stock performance and future outlook.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
