Executive Chairman of Insig AI Richard Bernstein Buys 2.4% More Shares

Investors who take an interest in Insig AI Plc (LON:INSG) should definitely note that the Executive Chairman, Richard Bernstein, recently paid UK£0.20 per share to buy UK£100k worth of the stock. Although the purchase only increased their holding by 2.4%, it is still a solid purchase in our view.

Check out our latest analysis for Insig AI

The Last 12 Months Of Insider Transactions At Insig AI

In fact, the recent purchase by Richard Bernstein was the biggest purchase of Insig AI shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of UK£0.13. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Richard Bernstein was the only individual insider to buy during the last year.

Richard Bernstein bought 1.25m shares over the last 12 months at an average price of UK£0.18. 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. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Insig AI

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Insig AI insiders own 47% of the company, worth about UK£6.7m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Insig AI Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Insig AI. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Insig AI. To that end, you should learn about the 6 warning signs we've spotted with Insig AI (including 2 which are potentially serious).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.