Whilst it may not be a huge deal, we thought it was good to see that the One Point One Solutions Limited (NSE:ONEPOINT) Chairman & MD, Akshay Chhabra, recently bought ₹1.4m worth of stock, for ₹20.73 per share. That might not be a big purchase but it only increased their holding by 0.8%, and could be interpreted as a good sign.
One Point One Solutions Insider Transactions Over The Last Year
Notably, that recent purchase by Akshay Chhabra is the biggest insider purchase of One Point One Solutions shares that we’ve seen in the last year. So it’s clear an insider wanted to buy, at around the current price, which is ₹23.95. Of course they may have changed their mind. But this suggests they are optimistic. 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 One Point One Solutions insider decided to buy shares at close to current prices. Akshay Chhabra was the only individual insider to buy shares in the last twelve months.
Akshay Chhabra bought 89.08k shares over the last 12 months at an average price of ₹21.45. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
One Point One Solutions is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that One Point One Solutions insiders own 26% of the company, worth about ₹210m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The One Point One Solutions 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about One Point One Solutions. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. Every company has risks, and we’ve spotted 5 warning signs for One Point One Solutions (of which 1 is potentially serious!) you should know about.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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