Investors who take an interest in GetBusy Plc (LON:GETB) should definitely note that the CEO & Executive Director, Daniel Rabie, recently paid UK£0.52 per share to buy UK£263k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 47%.
GetBusy Insider Transactions Over The Last Year
Notably, that recent purchase by Daniel Rabie is the biggest insider purchase of GetBusy shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£0.55. 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 GetBusy share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 544.32k shares for UK£280k. On the other hand they divested 31231 shares, for UK£11k. In the last twelve months there was more buying than selling by GetBusy insiders. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
GetBusy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that GetBusy insiders own 27% of the company, worth about UK£7.7m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At GetBusy Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest GetBusy insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for GetBusy.
But note: GetBusy 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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