Yahoo Finance Great news for FINEOS Corporation Holdings plc (ASX:FCL): Insiders acquired stock in large numbers last year
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of FINEOS Corporation Holdings plc (ASX:FCL), it sends a favourable message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for FINEOS Corporation Holdings
FINEOS Corporation Holdings Insider Transactions Over The Last Year
The Founder Michael Kelly made the biggest insider purchase in the last 12 months. That single transaction was for AU$155k worth of shares at a price of AU$1.58 each. That implies that an insider found the current price of AU$1.59 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. The good news for FINEOS Corporation Holdings share holders is that insiders were buying at near the current price.
In the last twelve months FINEOS Corporation Holdings insiders were buying shares, but not selling. 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!
FINEOS Corporation 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 Of FINEOS Corporation Holdings
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. Our data suggests FINEOS Corporation Holdings insiders own 0.8% of the company, worth about AU$3.9m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.
So What Do The FINEOS Corporation Holdings Insider Transactions Indicate?
It doesn't really mean much that no insider has traded FINEOS Corporation Holdings shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if FINEOS Corporation Holdings insiders bought more shares in the company. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for FINEOS Corporation Holdings.
But note: FINEOS Corporation Holdings 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, 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.
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