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Whilst it may not be a huge deal, we thought it was good to see that the Purplebricks Group plc (LON:PURP) Independent Non-Executive Director, Adrian Blair, recently bought UK£50k worth of stock, for UK£0.51 per share. Even though that isn't a massive buy, it did increase their holding by 288%, which is arguably a good sign.
The Last 12 Months Of Insider Transactions At Purplebricks Group
In fact, the recent purchase by Adrian Blair was the biggest purchase of Purplebricks Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£0.56 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Purplebricks Group share holders is that an insider was buying at near the current price. Adrian Blair was the only individual insider to buy during the last year.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Purplebricks Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Purplebricks Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Purplebricks Group insiders own about UK£10m worth of shares. That equates to 6.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Purplebricks Group Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Purplebricks Group shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Purplebricks Group. At Simply Wall St, we found 2 warning signs for Purplebricks Group that deserve your attention before buying any shares.
Of course Purplebricks Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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