The CEO & Executive Director of Playtech plc (LON:PTEC), Moran Weizer, Just Bought 7.3% More Shares

Potential Playtech plc (LON:PTEC) shareholders may wish to note that the CEO & Executive Director, Moran Weizer, recently bought UK£80k worth of stock, paying UK£4.28 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 7.3%.

View our latest analysis for Playtech

The Last 12 Months Of Insider Transactions At Playtech

Notably, that recent purchase by Moran Weizer is the biggest insider purchase of Playtech shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£4.29. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Playtech insiders decided to buy shares at close to current prices.

In the last twelve months Playtech insiders were buying shares, but not selling. They paid about UK£2.93 on average. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. 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 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 Playtech Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Playtech insiders have about 0.2% of the stock, worth approximately UK£2.0m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Playtech Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Playtech insiders are expecting a bright future. 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 Playtech has 1 warning sign and it would be unwise to ignore this.

Of course Playtech 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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