Insiders at Plexure Group Limited (NZSE:PX1) must be relieved they sold stock as market valuation descends to NZ$71m

May 31, 2022
  •  Updated
August 04, 2022
NZSE:PX1
Source: Shutterstock

Insiders at Plexure Group Limited (NZSE:PX1) sold NZ$729k worth of stock at an average price of NZ$0.62 a share over the past year, making the most of their investment. The company's market worth decreased by NZ$8.8m over the past week after the stock price dropped 11%, although insiders were able to minimize their losses

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Plexure Group

Plexure Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Craig Herbison, sold NZ$463k worth of shares at a price of NZ$0.62 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is NZ$0.20. So it is hard to draw any strong conclusion from it.

All up, insiders sold more shares in Plexure Group than they bought, over the last year. You can see the insider transactions (by companies and 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!

insider-trading-volume
NZSE:PX1 Insider Trading Volume May 31st 2022

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Plexure Group insiders own 44% of the company, currently worth about NZ$31m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Plexure Group Tell Us?

The fact that there have been no Plexure Group insider transactions recently certainly doesn't bother us. While we feel good about high insider ownership of Plexure Group, we can't say the same about the selling of shares. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 5 warning signs (2 don't sit too well with us!) that you ought to be aware of before buying any shares in Plexure Group.

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.

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