XTGlobal Infotech Insider Ups Holding During Year

Viewing insider transactions for XTGlobal Infotech Limited's (NSE:XTGLOBAL ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for XTGlobal Infotech

The Last 12 Months Of Insider Transactions At XTGlobal Infotech

The Chairman & MD Ramarao Mullapudi made the biggest insider purchase in the last 12 months. That single transaction was for ₹4.6m worth of shares at a price of ₹45.63 each. That means that an insider was happy to buy shares at above the current price of ₹41.63. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Ramarao Mullapudi was the only individual insider to buy during the last year.

Ramarao Mullapudi bought a total of 145.00k shares over the year at an average price of ₹44.58. 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!

XTGlobal Infotech 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 Of XTGlobal Infotech

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. It's great to see that XTGlobal Infotech insiders own 89% of the company, worth about ₹4.9b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The XTGlobal Infotech Insider Transactions Indicate?

The fact that there have been no XTGlobal Infotech insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, XTGlobal Infotech insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing XTGlobal Infotech. Be aware that XTGlobal Infotech is showing 2 warning signs in our investment analysis, and 1 of those is significant...

Of course XTGlobal Infotech 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 of direct interests only, but not derivative transactions or indirect interests.

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

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.