Zodiac Energy Non-Executive Director Acquires 6.0% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Zodiac Energy Limited (NSE:ZODIAC) Non-Executive Director, Jaxay Shah, recently bought ₹4.9m worth of stock, for ₹378 per share. However, it only increased their shares held by 6.0%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Zodiac Energy

The Last 12 Months Of Insider Transactions At Zodiac Energy

Notably, that recent purchase by Jaxay Shah is the biggest insider purchase of Zodiac Energy shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of ₹429. 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.

While Zodiac Energy insiders bought shares during the last year, they didn't sell. 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!

Zodiac Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Zodiac Energy insiders own 78% of the company, currently worth about ₹4.9b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Zodiac Energy Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Zodiac Energy. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Zodiac Energy. When we did our research, we found 2 warning signs for Zodiac Energy (1 is a bit concerning!) that we believe deserve your full attention.

But note: Zodiac Energy 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.

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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.