Non-Executive Chairman Andrew Henry Roberts Just Bought Shares In 1Spatial Plc (LON:SPA)
Even if it's not a huge purchase, we think it was good to see that Andrew Henry Roberts, the Non-Executive Chairman of 1Spatial Plc (LON:SPA) recently shelled out UK£60k to buy stock, at UK£0.22 per share. While that isn't the hugest buy, it actually boosted their shareholding by 89%, which is good to see.
View our latest analysis for 1Spatial
The Last 12 Months Of Insider Transactions At 1Spatial
Notably, that recent purchase by Andrew Henry Roberts is the biggest insider purchase of 1Spatial shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.21). 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
1Spatial 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
1Spatial 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 1Spatial 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. Our data isn't picking up on much insider ownership at 1Spatial, though insiders do hold about UK£188k worth of shares. We might be missing something but that seems like very low insider ownership.
What Might The Insider Transactions At 1Spatial Tell Us?
It is good to see recent purchasing. 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. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that 1Spatial insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing 1Spatial. Case in point: We've spotted 5 warning signs for 1Spatial you should be aware of, and 1 of them is a bit unpleasant.
Of course 1Spatial 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.
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.
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