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Even if it's not a huge purchase, we think it was good to see that Jack Pailing, the Independent Director of Naked Wines plc (LON:WINE) recently shelled out UK£40k to buy stock, at UK£0.80 per share. However, it only increased their shares held by 6.1%, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Naked Wines
Notably, that recent purchase by Independent Director Jack Pailing was not the only time they bought Naked Wines shares this year. Earlier in the year, they paid UK£0.59 per share in a UK£59k purchase. Even though the purchase was made at a significantly lower price than the recent price (UK£0.72), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Jack Pailing purchased 150.00k shares over the year. The average price per share was UK£0.66. 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!
View our latest analysis for Naked Wines
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 Of Naked Wines
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Naked Wines insiders own 4.1% of the company, worth about UK£2.2m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Naked Wines Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Naked Wines insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Naked Wines you should be aware of, and 1 of them can't be ignored.