Insiders rewarded with a NZ$387k addition on top of their NZ$6.4m purchase as ikeGPS Group Limited (NZSE:IKE) hits NZ$123m

Last week, ikeGPS Group Limited (NZSE:IKE) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 12% last week, resulting in a NZ$13m increase in the company's market worth. In other words, the original NZ$6.4m purchase is now worth NZ$6.8m.

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.

View our latest analysis for ikeGPS Group

The Last 12 Months Of Insider Transactions At ikeGPS Group

The insider David Wilson made the biggest insider purchase in the last 12 months. That single transaction was for NZ$6.4m worth of shares at a price of NZ$0.95 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being NZ$0.77). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. David Wilson was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

ikeGPS Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of ikeGPS Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that ikeGPS Group insiders own 53% of the company, worth about NZ$66m. 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 ikeGPS Group Insiders?

It doesn't really mean much that no insider has traded ikeGPS Group shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. It would be great to see more insider buying, but overall it seems like ikeGPS Group insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. 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. For example - ikeGPS Group has 3 warning signs we think you should be aware of.

Of course ikeGPS 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.

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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.