Even if it's not a huge purchase, we think it was good to see that Tiffany Fuller, the Non-Executive Director of Computershare Limited (ASX:CPU) recently shelled out US$51k to buy stock, at US$14.50 per share. Even though that isn't a massive buy, it did increase their holding by 175%, which is a arguably a good sign.
Computershare Insider Transactions Over The Last Year
The insider, Penelope Maclagan, made the biggest insider sale in the last 12 months. That single transaction was for AU$473k worth of shares at a price of AU$18.92 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (AU$14.76). So it may not shed much light on insider confidence at current levels. Penelope Maclagan was the only individual insider to sell over the last year.
Over the last year, we can see that insiders have bought 6172 shares worth AU$101k. On the other hand they divested 25000 shares, for AU$473k. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Insider Ownership of Computershare
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Computershare insiders own about AU$555m worth of shares (which is 6.9% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Computershare Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by an insider, suggests they are well aligned and optimistic. Of course, the future is what matters most. So if you are interested in Computershare, you should check out this free report on analyst forecasts for the company.
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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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If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Thank you for reading.
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