Executive Chairman of Smartlink Holdings Kamalaksha Naik Buys More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Smartlink Holdings Limited (NSE:SMARTLINK) Executive Chairman, Kamalaksha Naik, recently bought ₹6.2m worth of stock, for ₹165 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Smartlink Holdings

The Last 12 Months Of Insider Transactions At Smartlink Holdings

In fact, the recent purchase by Executive Chairman Kamalaksha Naik was not their only acquisition of Smartlink Holdings shares this year. They previously made an even bigger purchase of ₹8.1m worth of shares at a price of ₹150 per share. Even though the purchase was made at a significantly lower price than the recent price (₹168), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Kamalaksha Naik purchased 149.27k shares over the year. The average price per share was ₹164. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

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. Smartlink Holdings insiders own about ₹1.2b worth of shares (which is 72% of the company). 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 Does This Data Suggest About Smartlink Holdings Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Smartlink Holdings. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for Smartlink Holdings that deserve your attention before buying any shares.

Of course Smartlink Holdings 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.

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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.