Yahoo Finance Insider Buying: The Cryosite Limited (ASX:CTE) Non Executive Director Just Bought 3.8% More Shares
Investors who take an interest in Cryosite Limited (ASX:CTE) should definitely note that the Non Executive Director, Andrew Kroger, recently paid AU$0.36 per share to buy AU$170k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.8%.
See our latest analysis for Cryosite
Cryosite Insider Transactions Over The Last Year
Notably, that recent purchase by Andrew Kroger is the biggest insider purchase of Cryosite shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$0.40. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. Happily, the Cryosite insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Andrew Kroger.
Andrew Kroger purchased 1.29m shares over the year. The average price per share was AU$0.13. 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!
Cryosite 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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Cryosite insiders own 39% of the company, worth about AU$7.2m. 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 Cryosite Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Cryosite shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cryosite. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Cryosite.
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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