Insiders were net buyers of Sabien Technology Group Plc’s (LON:SNT ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Notably, that recent purchase by Richard Parris is the biggest insider purchase of Sabien Technology Group 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£0.065). It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. To us, it’s very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Richard Parris was the only individual insider to buy during the last year. We note that Richard Parris was also the biggest seller.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Sabien Technology Group
Sabien Technology Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
In the last quarter we saw Executive Chairman Richard Parris spend UK£118k on shares. But that was only a smidgen more than the UK£118k worth of sales. Overall, we don’t think these recent trades are particularly informative, one way or the other.
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. Insiders own 30% of Sabien Technology Group shares, worth about UK£527k. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
Insider buying and selling have balanced each other out in the last three months, so we can’t deduct anything useful from these recent trades. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Sabien Technology Group and we see no evidence to suggest they are worried about the future. While it’s good to be aware of 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’ve found that Sabien Technology Group has 6 warning signs (4 don’t sit too well with us!) that deserve your attention before going any further with your analysis.