Trade Alert: The Non-Executive Director Of Blaze International Limited (ASX:BLZ), Mathew Walker, Has Just Spent AU$120k Buying 25% More Shares

Even if it's not a huge purchase, we think it was good to see that Mathew Walker, the Non-Executive Director of Blaze International Limited (ASX:BLZ) recently shelled out AU$120k to buy stock, at AU$0.24 per share. That purchase might not be huge but it did increase their holding by 25%.

Check out our latest analysis for Blaze International

Blaze International Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider Jason Peterson bought AU$312k worth of shares at a price of AU$0.025 per share. That implies that an insider found the current price of AU$0.026 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Blaze International insiders decided to buy shares at close to current prices.

In the last twelve months Blaze International insiders were buying shares, but not selling. They paid about AU$0.028 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Blaze International Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 30% of Blaze International shares, worth about AU$2.2m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Blaze International Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Blaze International insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blaze International. When we did our research, we found 3 warning signs for Blaze International (1 is a bit concerning!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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. 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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