Signal of Confidence: Hurco Executive Chairman Michael Doar Invests $61,000 in Company Stock
A recent SEC filing reveals a significant stock purchase by Hurco's top executive, a move often interpreted by investors as a strong vote of confidence in the company's future.
INDIANAPOLIS, IN – Michael Doar, the Executive Chairman and a Director at Hurco Companies (NASDAQ: HURC), has increased his personal stake in the industrial technology company, according to a Form 4 filed with the Securities and Exchange Commission.
The filing, dated July 2, 2025, details the purchase of 3,000 shares of Hurco’s common stock. The transactions were executed at a weighted average price of approximately $20.40 per share, bringing the total investment to $61,196.
Following this purchase, Doar’s direct holdings in the company have increased to 226,460 shares.
Why Insider Buying Matters
Insider purchases, especially by high-level executives like a chairman, are closely watched market events. These transactions signal that company leadership, who have the most intimate knowledge of the firm’s operations and strategic direction, are confident enough to invest their own capital in its future.
Unlike insider selling, which can occur for various personal financial reasons such as diversification or tax planning, insider buying is typically seen as a direct and bullish signal. It suggests that the executive believes the company’s stock is undervalued or poised for future growth.
This move by Doar represents a tangible display of belief in the value and prospects of Hurco, a global leader in the design and manufacturing of computerized (CNC) machine tools for the metalworking industry.
For current and potential investors, such a significant open-market purchase by the company’s Executive Chairman serves as a key data point, indicating a strong alignment between management’s interests and those of its shareholders.
