Insider Buying: The Evolve Education Group Limited (NZSE:EVO) Independent Director Just Bought NZ$315k Worth Of Shares

Investors who take an interest in Evolve Education Group Limited (NZSE:EVO) should definitely note that the Independent Director, Adrian Fonseca, recently paid NZ$0.14 per share to buy NZ$315k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

See our latest analysis for Evolve Education Group

Evolve Education Group Insider Transactions Over The Last Year

Notably, that recent purchase by Adrian Fonseca is the biggest insider purchase of Evolve Education Group shares that we've seen in the last year. That implies that an insider found the current price of NZ$0.16 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Evolve Education Group share holders is that insiders were buying at near the current price.

Evolve Education Group insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Evolve Education Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Evolve Education Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Evolve Education Group insiders have about 4.0% of the stock, worth approximately NZ$7.3m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.

So What Does This Data Suggest About Evolve Education Group Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. 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 Evolve Education Group stock. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.

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.