Jeremy Leibler Is The Non-Executive Director of Thorney Technologies Ltd (ASX:TEK) And They Just Picked Up 19% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Thorney Technologies Ltd (ASX:TEK) Non-Executive Director, Jeremy Leibler, recently bought AU$50k worth of stock, for AU$0.40 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 19%.

Check out our latest analysis for Thorney Technologies

The Last 12 Months Of Insider Transactions At Thorney Technologies

In the last twelve months, the biggest single purchase by an insider was when insider Janel Cameron bought AU$2.7m worth of shares at a price of AU$0.38 per share. We do like to see buying, but this purchase was made at well below the current price of AU$0.47. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Thorney Technologies insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Thorney Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Thorney Technologies

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Thorney Technologies shares, worth about AU$25m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Thorney Technologies Insider Transactions Indicate?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Thorney Technologies insiders are well aligned, and that they may think the share price is too low. 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. Case in point: We've spotted 2 warning signs for Thorney Technologies you should be aware of.

Of course Thorney Technologies 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.

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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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