Yahoo Finance Insider Buying: The Motio Limited (ASX:MXO) Non-Executive Director Just Bought 11% More Shares
Even if it's not a huge purchase, we think it was good to see that Jason Byrne, the Non-Executive Director of Motio Limited (ASX:MXO) recently shelled out AU$100k to buy stock, at AU$0.10 per share. That purchase might not be huge but it did increase their holding by 11%.
See our latest analysis for Motio
Motio Insider Transactions Over The Last Year
In fact, the recent purchase by Jason Byrne was the biggest purchase of Motio shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of AU$0.14. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Motio insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around AU$0.057. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than 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!
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.
Does Motio Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Motio insiders own 15% of the company, worth about AU$4.6m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Motio Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Motio insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Motio. At Simply Wall St, we've found that Motio has 4 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
But note: Motio 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.
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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