Yahoo Finance CEO, Secretary & Director of Treasure Global Picks Up 66% More Stock
Potential Treasure Global Inc. (NASDAQ:TGL) shareholders may wish to note that the CEO, Secretary & Director, Chong Teo, recently bought US$187k worth of stock, paying US$0.18 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 66%.
View our latest analysis for Treasure Global
Treasure Global Insider Transactions Over The Last Year
Notably, that recent purchase by Chong Teo is the biggest insider purchase of Treasure Global shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (US$0.40), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Chong Teo bought 1.18m shares over the last 12 months at an average price of US$0.24. 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!
Treasure Global 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 Treasure Global
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Treasure Global insiders own 15% of the company, worth about US$1.3m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Treasure Global Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Treasure Global 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 Treasure Global. When we did our research, we found 7 warning signs for Treasure Global (5 don't sit too well with us!) that we believe deserve your full attention.
But note: Treasure Global may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
