Yahoo Finance Trade Alert: The Non-Executive Director Of IncentiaPay Limited (ASX:INP), Dean Palmer, Has Just Spent AU$418k Buying A Few More Shares
Potential IncentiaPay Limited (ASX:INP) shareholders may wish to note that the Non-Executive Director, Dean Palmer, recently bought AU$418k worth of stock, paying AU$0.011 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for IncentiaPay
IncentiaPay Insider Transactions Over The Last Year
Notably, that recent purchase by Dean Palmer is the biggest insider purchase of IncentiaPay 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$0.016. 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.
The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
Insider Ownership of IncentiaPay
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that IncentiaPay insiders own 9.7% of the company, worth about AU$1.0m. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At IncentiaPay Tell Us?
It is good to see the recent insider purchase. 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. 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 IncentiaPay stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 5 warning signs for IncentiaPay (4 are a bit unpleasant!) and we strongly recommend you look at them before investing.
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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