Insperity jumps after HR service firm's CEO reveals stock buys

HR services platform Insperity's NSP.N shares jump 11.4% to $25.30 and poised for best day in over a year on Fri after its Chairman and CEO Paul Sarvadi disclosed buying stock this week

NSP shares tracking steepest pct gain since Feb 2025 and hit one-month high

Sarvadi purchased 201,987 shares at avg price of about $23.20 worth approx $4.7 mln between Tues and Thurs, according to an SEC filing

Following his direct and indirect purchases made through a partnership, Sarvadi's total beneficial ownership is now ~1.47 mln shares

Insider buying is often viewed as a signal of confidence in a firm's business prospects

Kingwood, Texas-based NSP has ~37.7 mln shares outstanding for roughly $950 mln current market cap

Despite gain on the session, stock off ~35% YTD and ~70% over the past 12 months

Of 5 analysts covering the stock, 1 rates "buy", 3 rate "hold" and 1 recommends "sell"; median PT $36, per LSEG