Yahoo Finance Anthony Smith Is The Non-Executive Director of Energy Technologies Limited (ASX:EGY) And They Just Picked Up 126% More Shares
Potential Energy Technologies Limited (ASX:EGY) shareholders may wish to note that the Non-Executive Director, Anthony Smith, recently bought AU$524k worth of stock, paying AU$0.08 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 126%.
View our latest analysis for Energy Technologies
Energy Technologies Insider Transactions Over The Last Year
Notably, that recent purchase by Anthony Smith is the biggest insider purchase of Energy Technologies shares that we've seen in the last year. That implies that an insider found the current price of AU$0.09 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Energy Technologies insiders were buying shares, but not selling. 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!
Energy Technologies is not the only stock that insiders are buying. 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
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 26% of Energy Technologies shares, worth about AU$4.0m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Energy Technologies Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Energy Technologies we think they are probably pretty confident of a bright future. 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. For instance, we've identified 2 warning signs for Energy Technologies (1 is concerning) you should be aware of.
Of course Energy Technologies 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.
This article by Simply Wall St is general in nature. 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.
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