Lovina McMurchy Is The Independent Director of Pushpay Holdings Limited (NZSE:PPH) And Just Spent US$85k On Shares

By
Simply Wall St
Published
February 20, 2022
NZSE:PPH
Source: Shutterstock

Even if it's not a huge purchase, we think it was good to see that Lovina McMurchy, the Independent Director of Pushpay Holdings Limited (NZSE:PPH) recently shelled out NZ$85k to buy stock, at NZ$1.00 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Pushpay Holdings

Pushpay Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Bruce Gordon, for NZ$6.0m worth of shares, at about NZ$1.79 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of NZ$0.98. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 246.73k shares worth NZ$345k. On the other hand they divested 4.62m shares, for NZ$8.2m. Over the last year we saw more insider selling of Pushpay Holdings shares, than buying. 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
NZSE:PPH Insider Trading Volume February 20th 2022

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Pushpay Holdings 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 4.8% of Pushpay Holdings shares, worth about NZ$54m. 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 Do The Pushpay Holdings Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. We're a little cautious about the insider selling at Pushpay Holdings. But we do like the fact that insiders own a fair chunk of the company. 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. While conducting our analysis, we found that Pushpay Holdings has 3 warning signs and it would be unwise to ignore them.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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