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Even if it's not a huge purchase, we think it was good to see that Mike Christman, the Chief Executive Officer of Scott Technology Limited (NZSE:SCT) recently shelled out NZ$93k to buy stock, at NZ$1.75 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
We've discovered 2 warning signs about Scott Technology. View them for free.
Scott Technology Insider Transactions Over The Last Year
Notably, that recent purchase by Mike Christman is the biggest insider purchase of Scott Technology shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of NZ$1.83. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Scott Technology insiders decided to buy shares at close to current prices.
In the last twelve months Scott Technology insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Scott Technology
Scott Technology is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Scott Technology Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own NZ$2.2m worth of Scott Technology stock, about 1.5% of the company. We prefer to see high levels of insider ownership.
So What Do The Scott Technology Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Scott Technology insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Scott Technology. You'd be interested to know, that we found 2 warning signs for Scott Technology and we suggest you have a look.