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Even if it's not a huge purchase, we think it was good to see that Jitender Verma, the Chief Information Officer of INOX Leisure Limited (NSE:INOXLEISUR) recently shelled out ₹487k to buy stock, at ₹325 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 38%.
View our latest analysis for INOX Leisure
INOX Leisure Insider Transactions Over The Last Year
While no particular insider transaction stood out, we can still look at the overall trading.
All up, insiders sold more shares in INOX Leisure than they bought, over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 1.5% of INOX Leisure shares, worth about ₹510m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At INOX Leisure Tell Us?
The insider sales have outweighed the insider buying, at INOX Leisure, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.