Debra Goodin Is The Independent Chairman of the Board of Atlas Arteria Limited (ASX:ALX) And They Just Picked Up 54% More Shares

Even if it's not a huge purchase, we think it was good to see that Debra Goodin, the Independent Chairman of the Board of Atlas Arteria Limited (ASX:ALX) recently shelled out AU$100k to buy stock, at AU$5.61 per share. While that isn't the hugest buy, it actually boosted their shareholding by 54%, which is good to see.

See our latest analysis for Atlas Arteria

The Last 12 Months Of Insider Transactions At Atlas Arteria

The MD, CEO & Director, Graeme Bevans, made the biggest insider sale in the last 12 months. That single transaction was for AU$234k worth of shares at a price of AU$6.53 each. So we know that an insider sold shares at around the present share price of AU$5.59. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. Graeme Bevans was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 97.25k shares worth AU$591k. But insiders sold 35.82k shares worth AU$234k. In total, Atlas Arteria insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Atlas Arteria Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Atlas Arteria insiders have about 0.06% of the stock, worth approximately AU$3.0m. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Atlas Arteria Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Atlas Arteria stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Atlas Arteria.

Of course Atlas Arteria 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. 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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