Chief Executive Officer of Scott Technology Mike Christman Buys More Stock

Even if it's not a huge purchase, we think it was good to see that Mike Christman, the Chief Executive Officer of Scott Technology Limited (NZSE:SCT) recently shelled out NZ$93k to buy stock, at NZ$1.75 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

Our free stock report includes 2 warning signs investors should be aware of before investing in Scott Technology. Read for free now.

Scott Technology Insider Transactions Over The Last Year

Notably, that recent purchase by Mike Christman is the biggest insider purchase of Scott Technology shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is NZ$1.83. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Scott Technology insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Scott Technology

Scott Technology is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Scott Technology

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Scott Technology insiders own 1.5% of the company, worth about NZ$2.2m. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Scott Technology Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Scott Technology stock. 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. Every company has risks, and we've spotted 2 warning signs for Scott Technology you should know about.

Of course Scott Technology 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.