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Trade Alert: The MD, CEO & Executive Director Of InvestSMART Group Limited (ASX:INV), Peter Hodge, Has Just Spent AU$272k Buying 35% More Shares

Simply Wall St
·3 min read

Investors who take an interest in InvestSMART Group Limited (ASX:INV) should definitely note that the MD, CEO & Executive Director, Peter Hodge, recently paid AU$0.085 per share to buy AU$272k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 35%.

See our latest analysis for InvestSMART Group

InvestSMART Group Insider Transactions Over The Last Year

In fact, the recent purchase by Peter Hodge was the biggest purchase of InvestSMART Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of AU$0.092. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Peter Hodge was the only individual insider to buy during the last year.

Peter Hodge bought 4.96m shares over the last 12 months at an average price of AU$0.083. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

InvestSMART Group 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.

Insider Ownership of InvestSMART Group

Many investors like to check how much of a company is owned by 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. InvestSMART Group insiders own about AU$4.5m worth of shares. That equates to 35% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About InvestSMART Group Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of InvestSMART Group we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for InvestSMART Group that deserve your attention before buying any shares.

Of course InvestSMART Group 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.

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. 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.

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