Non-Executive Chairman of Light Science Technologies Holdings Graham Cooley Buys 5.5% More Shares

Even if it's not a huge purchase, we think it was good to see that Graham Cooley, the Non-Executive Chairman of Light Science Technologies Holdings Plc (LON:LST) recently shelled out UK£41k to buy stock, at UK£0.027 per share. Although the purchase is not a big one, increasing their shareholding by only 5.5%, it can be interpreted as a good sign.

View our latest analysis for Light Science Technologies Holdings

The Last 12 Months Of Insider Transactions At Light Science Technologies Holdings

Notably, that recent purchase by Non-Executive Chairman Graham Cooley was not the only time they bought Light Science Technologies Holdings shares this year. Earlier in the year, they paid UK£0.032 per share in a UK£77k purchase. That means that even when the share price was higher than UK£0.03 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Light Science Technologies Holdings 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

Light Science Technologies Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Light Science Technologies Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Light Science Technologies Holdings insiders own 50% of the company, worth about UK£5.0m. 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 Light Science Technologies Holdings Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Light Science Technologies Holdings insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! While it's good to be aware of 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. When we did our research, we found 3 warning signs for Light Science Technologies Holdings (1 is a bit unpleasant!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.