Redelfi Executive Chairman of the Board Acquires 1.1% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Redelfi S.p.A. (BIT:RDF) Executive Chairman of the Board, Davide Sommariva, recently bought €48k worth of stock, for €8.17 per share. However, it only increased their shares held by 1.1%, and it wasn't a huge purchase by absolute value, either.

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Redelfi Insider Transactions Over The Last Year

Notably, that recent purchase by Davide Sommariva is the biggest insider purchase of Redelfi shares that we've seen in the last year. That implies that an insider found the current price of €8.66 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Redelfi share holders is that an insider was buying at near the current price. Davide Sommariva was the only individual insider to buy during the last year.

Davide Sommariva purchased 31.06k shares over the year. The average price per share was €7.42. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Redelfi

Redelfi is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Redelfi Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Redelfi insiders own 12% of the company, worth about €12m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Redelfi Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Redelfi insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 5 warning signs we've spotted with Redelfi (including 2 which are significant).

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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.