Best Agrolife Head of International Business Acquires 1,043% More Stock

Even if it's not a huge purchase, we think it was good to see that N. Sai, the Head of International Business of Best Agrolife Limited (NSE:BESTAGRO) recently shelled out ₹5.9m to buy stock, at ₹284 per share. Even though that isn't a massive buy, it did increase their holding by 1,043%, which is arguably a good sign.

View our latest analysis for Best Agrolife

Best Agrolife Insider Transactions Over The Last Year

Notably, that recent purchase by N. Sai is the biggest insider purchase of Best Agrolife shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being ₹274). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While Best Agrolife insiders bought shares during the last year, they didn't sell. The average buy price was around ₹350. These transactions suggest that insiders have considered the current price attractive. 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!

Best Agrolife is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

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. Best Agrolife insiders own 68% of the company, currently worth about ₹4.4b 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 Does This Data Suggest About Best Agrolife Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Best Agrolife. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Best Agrolife. For instance, we've identified 4 warning signs for Best Agrolife (1 is concerning) you should be aware of.

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.