Whilst it may not be a huge deal, we thought it was good to see that the Atomic Eagle Limited( ASX:AEU ) Non-Executive Chairman, Grant Burnaford Davey, recently bought AU$126k worth of stock, for AU$0.38 per share. Although the purchase is not a big one, increasing their shareholding by only 3.2%, it can be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Atomic Eagle
In fact, the recent purchase by Grant Burnaford Davey was the biggest purchase of Atomic Eagle shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of AU$0.38. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Grant Burnaford Davey.
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!
Check out our latest analysis for Atomic Eagle
Atomic Eagle is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Atomic Eagle Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Atomic Eagle insiders own about AU$25m worth of shares. That equates to 16% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Atomic Eagle Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Atomic Eagle shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of 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. When we did our research, we found 3 warning signs for Atomic Eagle (2 are significant!) that we believe deserve your full attention.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
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