Watches of Switzerland Group Insiders Placed Bullish Bets Worth UK£391.9k

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Watches of Switzerland Group plc's (LON:WOSG) instance, it's good news for shareholders.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for Watches of Switzerland Group

The Last 12 Months Of Insider Transactions At Watches of Switzerland Group

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Ian Carter for UK£188k worth of shares, at about UK£3.91 per share. So it's clear an insider wanted to buy, at around the current price, which is UK£4.14. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Watches of Switzerland Group share holders is that insiders were buying at near the current price.

Watches of Switzerland Group insiders may have bought shares in the last year, but they didn't sell any. 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!

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 Watches of Switzerland 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. We usually like to see fairly high levels of insider ownership. It appears that Watches of Switzerland Group insiders own 3.4% of the company, worth about UK£33m. 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 Watches of Switzerland Group Insiders?

It doesn't really mean much that no insider has traded Watches of Switzerland Group shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in Watches of Switzerland Group and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Watches of Switzerland Group has 1 warning sign we think you should be aware of.

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.