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Whilst it may not be a huge deal, we thought it was good to see that Janumahanti Rani, who is a company insider, recently bought ₹2.3m worth of stock, for ₹287 per share. However, we do note that it only increased their holding by 0.5%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Mold-Tek Packaging
Mold-Tek Packaging Insider Transactions Over The Last Year
In fact, the recent purchase by insider Janumahanti Rani was not their only acquisition of Mold-Tek Packaging shares this year. They previously made an even bigger purchase of ₹2.3m worth of shares at a price of ₹287 per share. So it's clear an insider wanted to buy, at around the current price, which is ₹304. 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. 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. Happily, the Mold-Tek Packaging insider decided to buy shares at close to current prices. Janumahanti Rani was the only individual insider to buy shares in the last twelve months.
Janumahanti Rani bought 14880 shares over the last 12 months at an average price of ₹277. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Mold-Tek Packaging is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Mold-Tek Packaging
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Mold-Tek Packaging insiders own 43% of the company, currently worth about ₹3.6b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Mold-Tek Packaging Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Mold-Tek Packaging. One for the watchlist, at least! Of course, the future is what matters most. So if you are interested in Mold-Tek Packaging, you should check out this free report on analyst forecasts for the company.