The CFO & Whole Time Director of D.P. Wires Limited (NSE:DPWIRES), Arvind Kataria, Just Bought 80% More Shares

Even if it's not a huge purchase, we think it was good to see that Arvind Kataria, the CFO & Whole Time Director of D.P. Wires Limited (NSE:DPWIRES) recently shelled out ₹1.0m to buy stock, at ₹71.50 per share. Even though that isn't a massive buy, it did increase their holding by 80%, which is arguably a good sign.

View our latest analysis for D.P. Wires

D.P. Wires Insider Transactions Over The Last Year

Notably, that recent purchase by Arvind Kataria is the biggest insider purchase of D.P. Wires shares that we've seen in the last year. That means that even when the share price was higher than ₹71.35 (the recent price), an insider wanted to purchase shares. 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. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Arvind Kataria.

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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. D.P. Wires insiders own about ₹680m worth of shares (which is 68% of the company). 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 D.P. Wires Tell Us?

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 D.P. Wires. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing D.P. Wires. Be aware that D.P. Wires is showing 2 warning signs in our investment analysis, and 1 of those can't be ignored...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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This article by Simply Wall St is general in nature. 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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