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Independent Non-Executive Director Juan José Coppel Just Bought 240% More Shares In Worley Limited (ASX:WOR)

Even if it's not a huge purchase, we think it was good to see that Juan José Coppel, the Independent Non-Executive Director of Worley Limited (ASX:WOR) recently shelled out AU$57k to buy stock, at AU$11.87 per share. While that isn't the hugest buy, it actually boosted their shareholding by 240%, which is good to see.

View our latest analysis for Worley

Worley Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Non-Executive Independent Director Roger Higgins for AU$199k worth of shares, at about AU$9.95 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$13.29), 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.

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Worley insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Worley

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Worley insiders own 3.8% of the company, currently worth about AU$247m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Worley Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Worley. Nice! 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. At Simply Wall St, we found 4 warning signs for Worley that deserve your attention before buying any shares.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.