One Data Patterns (India) Insider Raised Their Stake In The Previous Year

Viewing insider transactions for Data Patterns (India) Limited's (NSE:DATAPATTNS ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Data Patterns (India)

Data Patterns (India) Insider Transactions Over The Last Year

The Non-Executive & Non-Independent Director Mathew Cyriac made the biggest insider purchase in the last 12 months. That single transaction was for ₹1.3b worth of shares at a price of ₹1,837 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of ₹2,323. 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. By clicking on the graph below, you can see the precise details of each insider transaction!

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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Data Patterns (India) insiders own 55% of the company, currently worth about ₹72b based on the recent share price. 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 Data Patterns (India) Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Data Patterns (India) shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Data Patterns (India) insiders feel good about the company's future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Data Patterns (India).

But note: Data Patterns (India) may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.