In This Article:
Viewing insider transactions for Argo Blockchain plc's (LON:ARB ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Argo Blockchain
Argo Blockchain Insider Transactions Over The Last Year
The Independent Non-Executive Director Sarah Gow made the biggest insider purchase in the last 12 months. That single transaction was for UK£53k worth of shares at a price of UK£1.32 each. That means that even when the share price was higher than UK£0.66 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Sarah Gow was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own UK£2.6m worth of Argo Blockchain stock, about 0.9% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.
So What Does This Data Suggest About Argo Blockchain Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Argo Blockchain insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Argo Blockchain. Be aware that Argo Blockchain is showing 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored...