Yahoo Finance The Executive Chairman of CyanConnode Holdings plc (LON:CYAN), John Cronin, Just Bought 39% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the CyanConnode Holdings plc (LON:CYAN) Executive Chairman, John Cronin, recently bought UK£67k worth of stock, for UK£0.046 per share. That purchase might not be huge but it did increase their holding by 39%.
See our latest analysis for CyanConnode Holdings
CyanConnode Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Director William Johns-Powell bought UK£77k worth of shares at a price of UK£0.024 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of UK£0.047. 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.
Over the last year, we can see that insiders have bought 6.09m shares worth UK£218k. But insiders sold 3.51m shares worth UK£93k. In total, CyanConnode Holdings insiders bought more than they sold over the last year. Their average price was about UK£0.036. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
CyanConnode Holdings 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
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that CyanConnode Holdings insiders own 14% of the company, worth about UK£1.2m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The CyanConnode Holdings Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that CyanConnode Holdings insiders are reasonably well aligned, 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. To help with this, we've discovered 4 warning signs (2 are concerning!) that you ought to be aware of before buying any shares in CyanConnode Holdings.
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, 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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