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Potential iFAST Corporation Ltd. (SGX:AIY) shareholders may wish to note that the Executive Chairman & CEO, Chung Lim, recently bought S$138k worth of stock, paying S$1.00 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 0.3%.
See our latest analysis for iFAST
iFAST Insider Transactions Over The Last Year
In fact, the recent purchase by Executive Chairman & CEO Chung Lim was not their only acquisition of iFAST shares this year. Earlier in the year, they paid S$1.00 per share in a S$138k purchase. That means that an insider was happy to buy shares at around the current price of S$1.01. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Chung Lim was the only individual insider to buy shares in the last twelve months.
Chung Lim purchased 238400 shares over the year. The average price per share was S$1.05. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does iFAST Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that iFAST insiders own 37% of the company, worth about S$102m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About iFAST Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about iFAST. One for the watchlist, at least! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for iFAST.
Of course iFAST may not be the best stock to buy. So you may wish to see this free collection of high quality companies.