Founder of WEBTOON Entertainment Junkoo Kim Buys 4.7% More Shares

Investors who take an interest in WEBTOON Entertainment Inc. (NASDAQ:WBTN) should definitely note that the Founder, Junkoo Kim, recently paid US$8.77 per share to buy US$200k worth of the stock. Although the purchase only increased their holding by 4.7%, it is still a solid purchase in our view.

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WEBTOON Entertainment Insider Transactions Over The Last Year

In fact, the recent purchase by Founder Junkoo Kim was not their only acquisition of WEBTOON Entertainment shares this year. They previously made an even bigger purchase of US$510k worth of shares at a price of US$13.07 per share. That means that an insider was happy to buy shares at above the current price of US$8.73. 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. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months WEBTOON Entertainment insiders were buying shares, but not selling. The average buy price was around US$11.53. These transactions suggest that insiders have considered the current price attractive. 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!

Check out our latest analysis for WEBTOON Entertainment

WEBTOON Entertainment is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

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. From our data, it seems that WEBTOON Entertainment insiders own 0.7% of the company, worth about US$8.3m. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At WEBTOON Entertainment Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that WEBTOON Entertainment insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for WEBTOON Entertainment.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.