Group CEO Gianmario Tondato da Ruos Just Bought Shares In Autogrill S.p.A. (BIT:AGL)

By
Simply Wall St
Published
November 24, 2019
BIT:AGL

Potential Autogrill S.p.A. (BIT:AGL) shareholders may wish to note that the Group CEO, Gianmario Tondato da Ruos, recently bought €199k worth of stock, paying €9.27 for each share. Although the purchase only increased their holding by 3.0%, it is still a solid purchase in our view.

See our latest analysis for Autogrill

Autogrill Insider Transactions Over The Last Year

Notably, that recent purchase by Gianmario Tondato da Ruos is the biggest insider purchase of Autogrill shares that we've seen in the last year. That means that even when the share price was higher than €9.26 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Gianmario Tondato da Ruos was the only individual insider to buy shares in the last twelve months.

Gianmario Tondato da Ruos bought 48500 shares over the last 12 months at an average price of €8.22. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

BIT:AGL Recent Insider Trading, November 24th 2019
BIT:AGL Recent Insider Trading, November 24th 2019

Does Autogrill Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.3% of Autogrill shares, worth about €6.8m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Autogrill Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Autogrill insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Autogrill, you should check out this free report on analyst forecasts for the company.

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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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