Russell Bennett Just Bought 83% More Shares In Plexure Group Limited (NZSE:PX1)

Investors who take an interest in Plexure Group Limited (NZSE:PX1) should definitely note that insider Russell Bennett recently paid NZ$0.39 per share to buy NZ$235k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 83%.

View our latest analysis for Plexure Group

Plexure Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Craig Herbison, for NZ$325k worth of shares, at about NZ$0.43 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place 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$0.36. So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid NZ$355k for 830.00k shares. But insiders sold 1.17m shares worth NZ$590k. 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!

I will like Plexure Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Plexure Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Plexure Group insiders own 44% of the company, worth about NZ$56m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Plexure Group Insiders?

It's certainly positive to see the recent insider purchases. On the other hand the transaction history, over the last year, isn't so positive. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, Plexure Group insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Plexure Group. Be aware that Plexure Group is showing 5 warning signs in our investment analysis, and 2 of those make us uncomfortable...

Of course Plexure Group 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, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.