Insider Buys Additional UK£52k In Kitwave Group Stock

Even if it's not a huge purchase, we think it was good to see that Benjamin Maxted, the CEO & Director of Kitwave Group plc (LON:KITW) recently shelled out UK£52k to buy stock, at UK£2.58 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Kitwave Group

The Last 12 Months Of Insider Transactions At Kitwave Group

The insider, John Hope, made the biggest insider sale in the last 12 months. That single transaction was for UK£635k worth of shares at a price of UK£3.63 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (UK£2.58). So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was John Hope.

Over the last year, we can see that insiders have bought 35.19k shares worth UK£91k. But they sold 175.00k shares for UK£635k. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership Of Kitwave Group

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. Kitwave Group insiders own about UK£29m worth of shares. That equates to 14% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Kitwave Group Insiders?

It is good to see recent purchasing. On the other hand the transaction history, over the last year, isn't so positive. While recent transactions indicate confidence in Kitwave Group, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. In short they are likely aligned with shareholders. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kitwave Group. Every company has risks, and we've spotted 2 warning signs for Kitwave Group you should know about.

Of course Kitwave 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 of direct interests only, but not derivative transactions or indirect interests.

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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.