Insider Spends €32m Buying More Shares In Pyrum Innovations

Those following along with Pyrum Innovations AG (OB:PYRUM) will no doubt be intrigued by the recent purchase of shares by Jürgen Opitz, Member of Supervisory Board of the company, who spent a stonking kr32m on stock at an average price of kr324. Not only is that a big swing, but it increased their holding size by 38%, which is definitely great to see.

View our latest analysis for Pyrum Innovations

Pyrum Innovations Insider Transactions Over The Last Year

In fact, the recent purchase by Jürgen Opitz was the biggest purchase of Pyrum Innovations shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of kr336. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Jürgen Opitz was the only individual insider to buy during the last year.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Pyrum Innovations 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 Pyrum Innovations Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 22% of Pyrum Innovations shares, worth about kr242m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Pyrum Innovations Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Pyrum Innovations insiders are well aligned, and quite possibly think the share price is too low. 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. You'd be interested to know, that we found 2 warning signs for Pyrum Innovations and we suggest you have a look.

Of course Pyrum Innovations 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.