Whilst it may not be a huge deal, we thought it was good to see that the Xeros Technology Group plc (LON:XSG) CFO, Company Secretary & Director, Paul Denney, recently bought UK£50k worth of stock, for UK£0.01 per share. While that isn’t the hugest buy, it actually boosted their shareholding by 1000%, which is good to see.
See our latest analysis for Xeros Technology Group
The Last 12 Months Of Insider Transactions At Xeros Technology Group
In fact, the recent purchase by Paul Denney was the biggest purchase of Xeros Technology Group shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of UK£0.014. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
Xeros Technology Group insiders may have bought shares in the last year, but they didn’t sell any. Their average price was about UK£0.016. I’d consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Xeros Technology Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From what we can see in our data, insiders own only about UK£14k worth of Xeros Technology Group shares. We might be missing something but that seems like very low insider ownership.
So What Does This Data Suggest About Xeros Technology Group Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss 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 Xeros Technology Group stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Xeros Technology Group.
Of course Xeros Technology 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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