Even if it’s not a huge purchase, we think it was good to see that Jayeshbhai Shah, the Chairman & MD of Sonam Clock Limited (NSE:SONAMCLOCK) recently shelled out ₹1.0m to buy stock, at ₹38.50 per share. However, we do note that it only increased their holding by 0.4%, and it wasn’t a huge purchase by absolute value, either.
Sonam Clock Insider Transactions Over The Last Year
Notably, that recent purchase by Jayeshbhai Shah is the biggest insider purchase of Sonam Clock shares that we’ve seen in the last year. That implies that an insider found the current price of ₹38.50 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for Sonam Clock share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Jayeshbhai Shah.
You can see a visual depiction of insider transactions (by 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!
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).
Does Sonam Clock Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Sonam Clock insiders own about ₹310m worth of shares (which is 81% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Sonam Clock Insiders?
It’s certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Sonam Clock. Nice! Along with insider transactions, I recommend checking if Sonam Clock is growing revenue. This free chart of historic revenue and earnings should make that easy.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.