Whilst it may not be a huge deal, we thought it was good to see that the Silverlake Axis Ltd (SGX:5CP) Head of Strategic Digital Value Program, Yong Sin Kwong, recently bought S$89k worth of stock, for S$0.30 per share. That might not be a big purchase but it only increased their holding by 1.5%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Silverlake Axis
Notably, that recent purchase by Yong Sin Kwong is the biggest insider purchase of Silverlake Axis 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 S$0.30. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Silverlake Axis share holders is that insiders were buying at near the current price.
While Silverlake Axis insiders bought shares last year, they didn't sell. Their average price was about S$0.37. This is nice to see since it implies that insiders might see value around current prices. 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!
Silverlake Axis 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 Silverlake Axis Boast High 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. Insiders own 3.6% of Silverlake Axis shares, worth about S$28m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Silverlake Axis Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Silverlake Axis 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 Silverlake Axis.
But note: Silverlake Axis 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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