Even if it's not a huge purchase, we think it was good to see that Russell Singleton, the CEO & Executive Director of Journeo plc (LON:JNEO) recently shelled out UK£56k to buy stock, at UK£0.50 per share. Even though that isn't a massive buy, it did increase their holding by 60%, which is a arguably a good sign.

View our latest analysis for Journeo

Journeo Insider Transactions Over The Last Year

Notably, that recent purchase by Russell Singleton is the biggest insider purchase of Journeo shares that we've seen in the last year. That implies that an insider found the current price of UK£0.56 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 purchases were made at close to current prices.

While Journeo insiders bought shares last year, they didn't sell. You can see the insider transactions (by individuals) over the last year depicted in the chart 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. 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).

Insider Ownership of Journeo

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Journeo insiders own about UK£703k worth of shares. That equates to 15% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Journeo Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. Given that insiders also own a fair bit of Journeo we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Journeo, you should check out this free report on analyst forecasts for the company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.