Shanaya S. Khatua Is The Whole-Time Director of Mazda Limited (NSE:MAZDA) And Just Spent ₹1.9m On Shares

By
Simply Wall St
Published
November 23, 2021
NSEI:MAZDA
Source: Shutterstock

Whilst it may not be a huge deal, we thought it was good to see that the Mazda Limited (NSE:MAZDA) Whole-Time Director, Shanaya S. Khatua, recently bought ₹1.9m worth of stock, for ₹623 per 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.

View our latest analysis for Mazda

The Last 12 Months Of Insider Transactions At Mazda

Over the last year, we can see that the biggest insider purchase was by insider Sorab Mody for ₹5.3m worth of shares, at about ₹528 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of ₹618. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Mazda insiders were buying shares, but not selling. 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!

insider-trading-volume
NSEI:MAZDA Insider Trading Volume November 24th 2021

Mazda 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 Mazda

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 Mazda insiders own 58% of the company, worth about ₹1.4b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Mazda Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Mazda insiders are well aligned, and quite possibly think the share price is too low. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Mazda.

Of course Mazda 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, but not derivative transactions.

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.

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