Alexander Waislitz of Credit Clear Limited (ASX:CCR) Just Spent AU$741k On Shares

Those following along with Credit Clear Limited (ASX:CCR) will no doubt be intrigued by the recent purchase of shares by insider Alexander Waislitz, who spent a stonking AU$741k on stock at an average price of AU$0.66. While that only increased their holding size by 8.9%, it is still a big swing by our standards.

Check out our latest analysis for Credit Clear

The Last 12 Months Of Insider Transactions At Credit Clear

The insider, Belinda Nixon, made the biggest insider sale in the last 12 months. That single transaction was for AU$3.5m worth of shares at a price of AU$0.69 each. So we know that an insider sold shares at around the present share price of AU$0.63. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. Belinda Nixon was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid AU$1.2m for 2.36m shares. But they sold 5.00m shares for AU$3.5m. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Credit Clear insiders own 42% of the company, worth about AU$60m. 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 Do The Credit Clear Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Credit Clear stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Credit Clear has 2 warning signs we think you should be aware of.

But note: Credit Clear may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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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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