CVS Group plc (LON:CVSG) insiders are still down UK£33k after purchasing last year, recent gain helped regain some losses
Some of the losses seen by insiders who purchased UK£305k worth of CVS Group plc (LON:CVSG) shares over the past year were recovered after the stock increased by 4.5% over the past week. The purchase, however, has proven to be a pricey bet, with losses currently totalling UK£33k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for CVS Group
The Last 12 Months Of Insider Transactions At CVS Group
Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director David Wilton for UK£94k worth of shares, at about UK£17.12 per share. So it's clear an insider wanted to buy, at around the current price, which is UK£18.00. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the CVS Group insiders decided to buy shares at close to current prices.
CVS Group insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around UK£20.16. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insiders at CVS Group Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at CVS Group. Specifically, Independent Non-Executive Director David Wilton bought UK£94k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests CVS Group insiders own 0.3% of the company, worth about UK£3.9m. We prefer to see high levels of insider ownership.
So What Do The CVS Group Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that CVS Group insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for CVS Group.
But note: CVS Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
