Over the last year, we can see that the biggest insider sale was by the insider, Craig Herbison, for NZ$325k worth of shares, at about NZ$0.43 per share. While we do not usually like to see insider selling, it is more concerning if the sales take place at a lower price. It is of some comfort that this sale was conducted at a price well above the current share price, which is NZ$0.36. So it is hard to draw any strong conclusion from it.
Understanding Insider Transactions in Plexure Group
Happily, we note that in the last year insiders paid NZ$355k for 830.00k shares. But insiders sold 1.17m shares worth NZ$590k. All up, insiders sold more shares in Plexure Group than they bought over the last year with the Plexure Merger having a significant influence. 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!
NZSE:PX1 Insider Trading Volume August 4th 2022
I will like Plexure Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent insider buying.
Insider Ownership Of Plexure Group
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It is great to see that Plexure Group insiders own 44% of the company, worth about NZ$56m. I like to see this level of insider ownership because it increases the chances that management are thinking about the best interests of shareholders.
Data Insights on Plexure Group Insiders
It is certainly positive to see recent insider purchases, but it raises questions around why they were selling too. Hence uncertainty prevails on whether these transactions tell us anything useful about Plexure Group as an investment opportunity moving forward.