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Top Buys by Top Brass: CEO Wojtaszek's $249.5K Bet on CONE

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $249.5K invested across 2 purchases by Gary J. Wojtaszek, CEO at CyrusOne Inc (Symbol: CONE).

Purchased Insider Title Shares Price/Share Value
02/27/2019 Gary J. Wojtaszek President and CEO 4,000 $49.86 $199,435.60
02/28/2019 Gary J. Wojtaszek President and CEO 1,000 $50.07 $50,070.00

Wojtaszek's average cost works out to $49.90/share. In trading on Monday, bargain hunters could buy shares of CyrusOne Inc (Symbol: CONE) and achieve a cost basis lower than Wojtaszek, with shares changing hands as low as $49.37 per share. Shares of CyrusOne Inc were changing hands at $49.34 at last check, trading off about 2% on Monday. The chart below shows the one year performance of CONE shares, versus its 200 day moving average:

CyrusOne Inc Chart

Looking at the chart above, CONE's low point in its 52 week range is $48.02 per share, with $69.01 as the 52 week high point - that compares with a last trade of $49.34.

The current annualized dividend paid by CyrusOne Inc is $1.84/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/28/2019. Below is a long-term dividend history chart for CONE, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.

CONE+Dividend+History+Chart

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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