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Insider Spends NZ$245k Buying More Shares In MOVE Logistics Group

Investors who take an interest in MOVE Logistics Group Limited (NZSE:MOV) should definitely note that the Non-independent Director, Christopher Dunphy, recently paid NZ$0.49 per share to buy NZ$245k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 27%.

See our latest analysis for MOVE Logistics Group

MOVE Logistics Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Nerida Ramsay, for NZ$1.1m worth of shares, at about NZ$0.82 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is NZ$0.53. So it may not shed much light on insider confidence at current levels. Nerida Ramsay was the only individual insider to sell over the last year.

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You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of MOVE Logistics Group

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. MOVE Logistics Group insiders own about NZ$25m worth of shares. That equates to 37% of the company. 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 MOVE Logistics Group Insider Transactions Indicate?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but MOVE Logistics Group insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MOVE Logistics Group. For example, MOVE Logistics Group has 4 warning signs (and 2 which are a bit unpleasant) we think you should know about.

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 of direct interests only, but not derivative transactions or indirect interests.

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

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.