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Insiders were net buyers of Cordlife Group Limited's (SGX:P8A ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Cordlife Group
Cordlife Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Lan Kang bought S$4.6m worth of shares at a price of S$0.18 per share. That means that even when the share price was higher than S$0.14 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Lan Kang.
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!
Cordlife Group 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 Cordlife Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Cordlife Group insiders own 2.4% of the company, worth about S$871k. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.
What Might The Insider Transactions At Cordlife Group Tell Us?
The recent insider purchase is 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 Cordlife Group insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Cordlife Group and we suggest you have a look.
But note: Cordlife Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.