Yahoo Finance Trade Alert: The Independent Chairman of the Board Of FINEOS Corporation Holdings plc (ASX:FCL), Anne O’Driscoll, Has Just Spent €67k Buying 53% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the FINEOS Corporation Holdings plc (ASX:FCL) Independent Chairman of the Board, Anne O’Driscoll, recently bought AU$67k worth of stock, for AU$1.80 per share. While that isn't the hugest buy, it actually boosted their shareholding by 53%, which is good to see.
Check out our latest analysis for FINEOS Corporation Holdings
FINEOS Corporation Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Anne O’Driscoll is the biggest insider purchase of FINEOS Corporation Holdings shares that we've seen in the last year. That means that even when the share price was higher than AU$1.69 (the recent price), an insider wanted to purchase shares. 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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Anne O’Driscoll.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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 FINEOS Corporation Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Based on our data, FINEOS Corporation Holdings insiders have about 0.7% of the stock, worth approximately AU$3.7m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Do The FINEOS Corporation Holdings Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that FINEOS Corporation Holdings insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for FINEOS Corporation Holdings you should be aware of.
But note: FINEOS Corporation Holdings 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.
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.
