Solid State CEO & Executive Director Acquires 1.0% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Solid State plc (LON:SOLI) CEO & Executive Director, Gary Marsh, recently bought UK£40k worth of stock, for UK£13.44 per share. However, it only increased their shares held by 1.0%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Solid State

Solid State Insider Transactions Over The Last Year

In fact, the recent purchase by Gary Marsh was the biggest purchase of Solid State shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£13.65 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 Solid State insiders decided to buy shares at close to current prices. We note that Gary Marsh was also the biggest seller.

Over the last year, we can see that insiders have bought 10.54k shares worth UK£141k. But insiders sold 10.54k shares worth UK£140k. Overall, Solid State insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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 Solid State

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. Solid State insiders own about UK£24m worth of shares. That equates to 16% 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 Solid State Insiders?

We can't make any useful conclusions about recent trading, since insider buying and selling has been balanced. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Solid State insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Solid State. To help with this, we've discovered 2 warning signs (1 makes us a bit uncomfortable!) that you ought to be aware of before buying any shares in Solid State.

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.