Insider Buying: The PropTech Group Limited (ASX:PTG) Independent Non-Executive Director Just Bought 56% More Shares

Even if it's not a huge purchase, we think it was good to see that Georg Chmiel, the Independent Non-Executive Director of PropTech Group Limited (ASX:PTG) recently shelled out AU$82k to buy stock, at AU$0.46 per share. While that isn't the hugest buy, it actually boosted their shareholding by 56%, which is good to see.

View our latest analysis for PropTech Group

PropTech Group Insider Transactions Over The Last Year

The Independent Non-Executive Chairman Simon Baker made the biggest insider purchase in the last 12 months. That single transaction was for AU$504k worth of shares at a price of AU$0.72 each. That means that an insider was happy to buy shares at above the current price of AU$0.48. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

PropTech Group insiders may have bought shares in the last year, but they didn't sell any. 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!

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 PropTech Group 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that PropTech Group insiders own 22% of the company, worth about AU$14m. 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 PropTech Group Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give 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 PropTech Group insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that PropTech Group has 3 warning signs and it would be unwise to ignore them.

Of course PropTech Group 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.