Yahoo Finance Insider Buying: The Openn Negotiation Limited (ASX:OPN) Independent Non-Executive Chairperson Just Bought 200% More Shares
Even if it's not a huge purchase, we think it was good to see that Wayne Zekulich, the Independent Non-Executive Chairperson of Openn Negotiation Limited (ASX:OPN) recently shelled out AU$55k to buy stock, at AU$0.28 per share. Even though that isn't a massive buy, it did increase their holding by 200%, which is arguably a good sign.
Check out our latest analysis for Openn Negotiation
The Last 12 Months Of Insider Transactions At Openn Negotiation
Notably, that recent purchase by Wayne Zekulich is the biggest insider purchase of Openn Negotiation shares that we've seen in the last year. That implies that an insider found the current price of AU$0.29 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Openn Negotiation share holders is that insiders were buying at near the current price.
Openn Negotiation insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Openn Negotiation
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Openn Negotiation insiders own 39% of the company, worth about AU$23m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Openn Negotiation Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Openn Negotiation we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Openn Negotiation. To help with this, we've discovered 4 warning signs (2 are a bit unpleasant!) that you ought to be aware of before buying any shares in Openn Negotiation.
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.
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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.
