Yahoo Finance Neil Broekhuizen Is The Independent Non-Executive Chairman of Bravura Solutions Limited (ASX:BVS) And They Just Picked Up 296% More Shares
Potential Bravura Solutions Limited (ASX:BVS) shareholders may wish to note that the Independent Non-Executive Chairman, Neil Broekhuizen, recently bought AU$398k worth of stock, paying AU$0.63 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 296%.
See our latest analysis for Bravura Solutions
The Last 12 Months Of Insider Transactions At Bravura Solutions
Notably, that recent purchase by Neil Broekhuizen is the biggest insider purchase of Bravura Solutions shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of AU$0.70. 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.
In the last twelve months Bravura Solutions insiders were buying shares, but not selling. Their average price was about AU$0.78. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bravura Solutions is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Bravura Solutions insiders own 1.1% of the company, worth about AU$1.9m. We consider this fairly low insider ownership.
So What Do The Bravura Solutions Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Bravura Solutions stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bravura Solutions. To help with this, we've discovered 3 warning signs (2 are potentially serious!) that you ought to be aware of before buying any shares in Bravura Solutions.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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.
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