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Potential WEBTOON Entertainment Inc. (NASDAQ:WBTN) shareholders may wish to note that the Founder, Junkoo Kim, recently bought US$200k worth of stock, paying US$8.77 for each share. Although the purchase only increased their holding by 4.7%, it is still a solid purchase in our view.
WEBTOON Entertainment Insider Transactions Over The Last Year
Notably, that recent purchase by Founder Junkoo Kim was not the only time they bought WEBTOON Entertainment shares this year. They previously made an even bigger purchase of US$510k worth of shares at a price of US$13.07 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$8.73). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. 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.
While WEBTOON Entertainment insiders bought shares during the last year, they didn't sell. The average buy price was around US$11.53. These transactions suggest that insiders have considered the current price attractive. 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!
See our latest analysis for WEBTOON Entertainment
WEBTOON Entertainment is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.7% of WEBTOON Entertainment shares, worth about US$8.3m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At WEBTOON Entertainment Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. 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 WEBTOON Entertainment stock. Of course, the future is what matters most. So if you are interested in WEBTOON Entertainment, you should check out this free report on analyst forecasts for the company.