S.J.S. Enterprises Co-Founder Acquires 8.7% More Stock

Those following along with S.J.S. Enterprises Limited (NSE:SJS) will no doubt be intrigued by the recent purchase of shares by Kannampadathil Joseph, Co-Founder of the company, who spent a stonking ₹268m on stock at an average price of ₹500. While that only increased their holding size by 8.7%, it is still a big swing by our standards.

See our latest analysis for S.J.S. Enterprises

S.J.S. Enterprises Insider Transactions Over The Last Year

Notably, that recent purchase by Co-Founder Kannampadathil Joseph was not the only time they bought S.J.S. Enterprises shares this year. They previously made an even bigger purchase of ₹450m worth of shares at a price of ₹500 per share. Even though the purchase was made at a significantly lower price than the recent price (₹712), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Kannampadathil Joseph purchased 1.44m shares over the year. The average price per share was ₹500. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

S.J.S. Enterprises 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 S.J.S. Enterprises

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that S.J.S. Enterprises insiders own 20% of the company, worth about ₹4.5b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About S.J.S. Enterprises Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about S.J.S. Enterprises. One for the watchlist, at least! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for S.J.S. Enterprises.

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.