Socratis Kokkalis Spends €230k On Intralot Integrated Lottery Systems and Services Stock

Potential Intralot S.A. Integrated Lottery Systems and Services (ATH:INLOT) shareholders may wish to note that the Executive Chairman, Socratis Kokkalis, recently bought €230k worth of stock, paying €1.15 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Intralot Integrated Lottery Systems and Services

Intralot Integrated Lottery Systems and Services Insider Transactions Over The Last Year

Notably, that recent purchase by Executive Chairman Socratis Kokkalis was not the only time they bought Intralot Integrated Lottery Systems and Services shares this year. Earlier in the year, they paid €1.22 per share in a €512k purchase. That means that an insider was happy to buy shares at above the current price of €1.15. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Socratis Kokkalis was the only individual insider to buy shares in the last twelve months.

Socratis Kokkalis bought 1.02m shares over the last 12 months at an average price of €1.17. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Intralot Integrated Lottery Systems and Services 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

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. It's great to see that Intralot Integrated Lottery Systems and Services insiders own 23% of the company, worth about €160m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Intralot Integrated Lottery Systems and Services Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Intralot Integrated Lottery Systems and Services. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Intralot Integrated Lottery Systems and Services (2 shouldn't be ignored!) and we strongly recommend you look at them before investing.

Of course Intralot Integrated Lottery Systems and Services may not be the best stock to buy. So you may wish to see this free collection of high quality 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.