Those following along with CNX Resources Corporation (NYSE:CNX) will no doubt be intrigued by the recent purchase of shares by Bernard Lanigan, Independent Director of the company, who spent a stonking US$2.0m on stock at an average price of US$26.74. Not only is that a big swing, but it increased their holding size by 19%, which is definitely great to see.

View our latest analysis for CNX Resources

The Last 12 Months Of Insider Transactions At CNX Resources

Notably, that recent purchase by Independent Director Bernard Lanigan was not the only time they bought CNX Resources shares this year. Earlier in the year, they paid US$22.00 per share in a US$3.7m purchase. Even though the purchase was made at a significantly lower price than the recent price (US$27.47), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 249.06k shares for US$5.7m. On the other hand they divested 1.23k shares, for US$26k. In the last twelve months there was more buying than selling by CNX Resources insiders. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Insider Ownership Of CNX Resources

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.3% of CNX Resources shares, worth about US$94m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About CNX Resources Insiders?

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 CNX Resources we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, CNX Resources has 3 warning signs (and 1 which can't be ignored) we think you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.