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Akzo Nobel N.V. (AMS:AKZA) shareholders (or potential shareholders) will be happy to see that the CEO & Chairman of the Management Board, Gregoire Poux-Guillaume, recently bought a whopping €1.5m worth of stock, at a price of €60.27. That increased their holding by a full 764%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
View our latest analysis for Akzo Nobel
Akzo Nobel Insider Transactions Over The Last Year
Notably, that recent purchase by Gregoire Poux-Guillaume is the biggest insider purchase of Akzo Nobel shares that we've seen in the last year. That means that even when the share price was higher than €59.52 (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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Happily, we note that in the last year insiders paid €2.7m for 44.92k shares. On the other hand they divested 10.74k shares, for €647k. Overall, Akzo Nobel insiders were net buyers during the last year. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
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. Based on our data, Akzo Nobel insiders have about 0.02% of the stock, worth approximately €2.2m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Akzo Nobel Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Akzo Nobel insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 2 warning signs for Akzo Nobel (1 is a bit concerning) you should be aware of.