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ikeGPS Group Limited (NZSE:IKE) shareholders (or potential shareholders) will be happy to see that the Director, Alex Knowles, recently bought a whopping NZ$907k worth of stock, at a price of NZ$0.74. Not only is that a big swing, but it increased their holding size by 14%, which is definitely great to see.
The Last 12 Months Of Insider Transactions At ikeGPS Group
In fact, the recent purchase by Alex Knowles was the biggest purchase of ikeGPS Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is NZ$0.92. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Over the last year, we can see that insiders have bought 4.00m shares worth NZ$2.0m. But they sold 350.00k shares for NZ$291k. In the last twelve months there was more buying than selling by ikeGPS Group insiders. Their average price was about NZ$0.51. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
Does ikeGPS Group Boast High Insider Ownership?
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. ikeGPS Group insiders own 54% of the company, currently worth about NZ$62m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At ikeGPS Group Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about ikeGPS Group. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ikeGPS Group. For example - ikeGPS Group has 3 warning signs we think you should be aware of.
Of course ikeGPS 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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