Senior Vice President of Business Management John Thorneycroft Just Bought 84% More Shares In Pexip Holding ASA (OB:PEXIP)

Published
May 16, 2022
OB:PEXIP
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Even if it's not a huge purchase, we think it was good to see that John Thorneycroft, the Senior Vice President of Business Management of Pexip Holding ASA (OB:PEXIP) recently shelled out kr51k to buy stock, at kr18.51 per share. Even though that isn't a massive buy, it did increase their holding by 84%, which is arguably a good sign.

Check out our latest analysis for Pexip Holding

The Last 12 Months Of Insider Transactions At Pexip Holding

Over the last year, we can see that the biggest insider purchase was by insider Giles Chamberlin for kr6.5m worth of shares, at about kr74.76 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being kr18.50). 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months Pexip Holding insiders were buying shares, but not selling. They paid about kr57.42 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
OB:PEXIP Insider Trading Volume May 16th 2022

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

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 24% of Pexip Holding shares, worth about kr444m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Pexip Holding Insiders?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Pexip Holding insiders are well aligned, and quite possibly think the share price is too low. Nice! 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 1 warning sign for Pexip Holding that deserve your attention before buying any shares.

But note: Pexip Holding may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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