Navjeet Sobti Is The MD & Executive Director of Almondz Global Securities Limited (NSE:ALMONDZ) And They Just Picked Up 13% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Almondz Global Securities Limited (NSE:ALMONDZ) MD & Executive Director, Navjeet Sobti, recently bought ₹168k worth of stock, for ₹19.37 per share. That purchase might not be huge but it did increase their holding by 13%.

Check out our latest analysis for Almondz Global Securities

Almondz Global Securities Insider Transactions Over The Last Year

Notably, that recent purchase by Navjeet Sobti is the biggest insider purchase of Almondz Global Securities shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is ₹20.80. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Almondz Global Securities share holders is that an insider was buying at near the current price. Navjeet Sobti was the only individual insider to buy during the last year.

Navjeet Sobti purchased 26.08k shares over the year. The average price per share was ₹16.32. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Almondz Global Securities 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 Almondz Global Securities

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 13% of Almondz Global Securities shares, worth about ₹67m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Almondz Global Securities Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Almondz Global Securities shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 2 warning signs for Almondz Global Securities (1 is a bit unpleasant!) that we believe deserve your full attention.

But note: Almondz Global Securities 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, but not derivative transactions.

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