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Non-Executive Deputy Chairperson Anthony Grist Just Bought 5.8% More Shares In Swoop Holdings Limited (ASX:SWP)

·3 min read

Potential Swoop Holdings Limited (ASX:SWP) shareholders may wish to note that the Non-Executive Deputy Chairperson, Anthony Grist, recently bought AU$301k worth of stock, paying AU$0.41 for each share. Although the purchase only increased their holding by 5.8%, it is still a solid purchase in our view.

Check out our latest analysis for Swoop Holdings

The Last 12 Months Of Insider Transactions At Swoop Holdings

Notably, that recent purchase by Anthony Grist is the biggest insider purchase of Swoop Holdings shares that we've seen in the last year. That implies that an insider found the current price of AU$0.43 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the Swoop Holdings insider decided to buy shares at close to current prices. Anthony Grist was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and 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!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Swoop Holdings

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Swoop Holdings insiders own about AU$36m worth of shares (which is 41% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Swoop Holdings Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Swoop Holdings. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Swoop Holdings. At Simply Wall St, we've found that Swoop Holdings has 3 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.

But note: Swoop Holdings 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.

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.

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