Yahoo Finance Non Executive Director Anne Templeman-Jones Just Bought 57% More Shares In Worley Limited (ASX:WOR)
Even if it's not a huge purchase, we think it was good to see that Anne Templeman-Jones, the Non Executive Director of Worley Limited (ASX:WOR) recently shelled out AU$58k to buy stock, at AU$9.22 per share. Even though that isn't a massive buy, it did increase their holding by 57%, which is arguably a good sign.
See our latest analysis for Worley
Worley Insider Transactions Over The Last Year
The Independent Non-Executive Director Emma Stein made the biggest insider purchase in the last 12 months. That single transaction was for AU$75k worth of shares at a price of AU$11.31 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$9.91). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Worley insiders bought shares during the last year, they didn't sell. 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!
Worley 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 of Worley
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Worley insiders own about AU$181m worth of shares (which is 3.5% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Worley Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Worley. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 3 warning signs for Worley that deserve your attention before buying any shares.
But note: Worley 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. 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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