The Group CEO & Director of National Express Group PLC (LON:NEX), Jose Garat, Just Bought 909% More Shares

Simply Wall St
March 21, 2022
Source: Shutterstock

Potential National Express Group PLC (LON:NEX) shareholders may wish to note that the Group CEO & Director, Jose Garat, recently bought UK£131k worth of stock, paying UK£2.36 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 909%.

See our latest analysis for National Express Group

The Last 12 Months Of Insider Transactions At National Express Group

Notably, that recent purchase by Jose Garat is the biggest insider purchase of National Express Group 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£2.40. 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. 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 National Express Group share holders is that insiders were buying at near the current price.

National Express Group insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

LSE:NEX Insider Trading Volume March 21st 2022

National Express Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of National Express 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. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own UK£1.2m worth of National Express Group stock, about 0.08% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. I generally like to see higher levels of ownership.

So What Does This Data Suggest About National Express Group 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on National Express Group stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing National Express Group. At Simply Wall St, we found 1 warning sign for National Express Group that deserve your attention before buying any shares.

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, but not derivative transactions.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Make Confident Investment Decisions

Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.