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Jason Carroll Just Bought 9.8% More Shares In Hiremii Limited (ASX:HMI)

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Whilst it may not be a huge deal, we thought it was good to see that Jason Carroll, who is a company insider, recently bought AU$63k worth of stock, for AU$0.044 per share. Although the purchase is not a big one, increasing their shareholding by only 9.8%, it can be interpreted as a good sign.

Check out our latest analysis for Hiremii

The Last 12 Months Of Insider Transactions At Hiremii

In fact, the recent purchase by insider Jason Carroll was not their only acquisition of Hiremii shares this year. Earlier in the year, they paid AU$0.054 per share in a AU$250k purchase. That means that an insider was happy to buy shares at above the current price of AU$0.054. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Notably Jason Carroll was also the biggest seller.

Over the last year, we can see that insiders have bought 10.74m shares worth AU$547k. On the other hand they divested 100.00k shares, for AU$6.5k. Overall, Hiremii insiders were net buyers during the last year. 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!

insider-trading-volume
insider-trading-volume

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 Hiremii Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Hiremii insiders own 33% of the company, worth about AU$2.0m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Hiremii Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Hiremii we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Hiremii has 4 warning signs (3 are potentially serious!) that deserve your attention before going any further with your analysis.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.