Vipul Thakkar Is The Chairman & MD of Silver Touch Technologies Limited (NSE:SILVERTUC) And Just Spent ₹374k On Shares

Even if it's not a huge purchase, we think it was good to see that Vipul Thakkar, the Chairman & MD of Silver Touch Technologies Limited (NSE:SILVERTUC) recently shelled out ₹374k to buy stock, at ₹93.50 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.

Check out our latest analysis for Silver Touch Technologies

Silver Touch Technologies Insider Transactions Over The Last Year

While no particular insider transaction stood out, we can still look at the overall trading.

Silver Touch Technologies insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Silver Touch Technologies Boast High Insider Ownership?

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. Silver Touch Technologies insiders own 70% of the company, currently worth about ₹825m 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 Silver Touch Technologies Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Silver Touch Technologies. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 4 warning signs for Silver Touch Technologies (1 is a bit concerning!) and we strongly recommend you look at these before investing.

Of course Silver Touch Technologies 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.

When trading Silver Touch Technologies or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.