Insider Buying: The The Glimpse Group, Inc. (NASDAQ:VRAR) Independent Director Just Bought 62% More Shares

Investors who take an interest in The Glimpse Group, Inc. (NASDAQ:VRAR) should definitely note that the Independent Director, Lemuel Amen, recently paid US$2.88 per share to buy US$110k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 62%, potentially signalling some real optimism.

See our latest analysis for Glimpse Group

Glimpse Group Insider Transactions Over The Last Year

Notably, that recent purchase by Lemuel Amen is the biggest insider purchase of Glimpse Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$2.85. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Glimpse Group insiders were buying shares, but not selling. The average buy price was around US$3.97. This is nice to see since it implies that insiders might see value around current prices. 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!

Glimpse 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 Glimpse 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 appears that Glimpse Group insiders own 34% of the company, worth about US$13m. 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 Glimpse Group Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Glimpse Group shares, given these transactions (along with notable insider ownership 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. Our analysis shows 4 warning signs for Glimpse Group (2 make us uncomfortable!) and we strongly recommend you look at them before investing.

Of course Glimpse 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.