Insiders of Intracom Constructions Societe Anonyme Technical and Steel Constructions (ATH:INKAT) received good value on their investment after their €1.6m purchase jumped €375k in value

By
Simply Wall St
Published
November 08, 2021
ATSE:INKAT
Source: Shutterstock

Intracom Constructions Societe Anonyme Technical and Steel Constructions (ATH:INKAT) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 13% resulting in a €13m addition to the company’s market value. As a result, their original purchase of €1.6m worth of stock is now worth €2.0m.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Intracom Constructions Societe Anonyme Technical and Steel Constructions

The Last 12 Months Of Insider Transactions At Intracom Constructions Societe Anonyme Technical and Steel Constructions

In the last twelve months, the biggest single purchase by an insider was when MD, CEO & Executive Director Petros Souretis bought €1.6m worth of shares at a price of €1.89 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of €2.33. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

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!

insider-trading-volume
ATSE:INKAT Insider Trading Volume November 9th 2021

Intracom Constructions Societe Anonyme Technical and Steel Constructions 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

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Intracom Constructions Societe Anonyme Technical and Steel Constructions insiders own 7.3% of the company, worth about €8.2m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Intracom Constructions Societe Anonyme Technical and Steel Constructions Insiders?

It doesn't really mean much that no insider has traded Intracom Constructions Societe Anonyme Technical and Steel Constructions shares in the last quarter. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Intracom Constructions Societe Anonyme Technical and Steel Constructions insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 3 warning signs for Intracom Constructions Societe Anonyme Technical and Steel Constructions that deserve your attention before buying any shares.

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, but not derivative transactions.

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