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Insider Buying: James Miller Just Spent US$56k On Brambles Limited (ASX:BXB) Shares

Simply Wall St

Whilst it may not be a huge deal, we thought it was good to see that James Miller, who is a company insider, recently bought AU$56k worth of stock, for AU$10.92 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Brambles

The Last 12 Months Of Insider Transactions At Brambles

In fact, the recent purchase by James Miller was the biggest purchase of Brambles shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$11.07 per share to be enticing. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

Brambles insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

ASX:BXB Recent Insider Trading May 16th 2020

Brambles is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

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. From looking at our data, insiders own AU$3.4m worth of Brambles stock, about 0.02% of the company. I generally like to see higher levels of ownership.

So What Do The Brambles Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Brambles stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Brambles. For example - Brambles has 2 warning signs we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.