Whilst it may not be a huge deal, we thought it was good to see that the Raketech Group Holding PLC (STO:RAKE) Non Executive Director, Benkt Svederman, recently bought kr548k worth of stock, for kr8.64 per share. Even though that isn't a massive buy, it did increase their holding by 75%, which is a arguably a good sign.
The Last 12 Months Of Insider Transactions At Raketech Group Holding
Notably, that recent purchase by Benkt Svederman is the biggest insider purchase of Raketech Group Holding shares that we've seen in the last year. That implies that an insider found the current price of kr8.83 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Raketech Group Holding share holders is that insiders were buying at near the current price.
While Raketech Group Holding insiders bought shares last year, they didn't sell. Their average price was about kr11.97. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Raketech Group Holding
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Raketech Group Holding insiders own 57% of the company, worth about kr188m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Raketech Group Holding Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Raketech Group Holding. Nice! Of course, the future is what matters most. So if you are interested in Raketech Group Holding, you should check out this free report on analyst forecasts for the company.
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, but not derivative transactions.
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