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Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Doctor Care Anywhere Group PLC (ASX:DOC), that sends out a positive message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Doctor Care Anywhere Group
The Last 12 Months Of Insider Transactions At Doctor Care Anywhere Group
The insider Alexander Waislitz made the biggest insider purchase in the last 12 months. That single transaction was for AU$162k worth of shares at a price of AU$0.062 each. We do like to see buying, but this purchase was made at well below the current price of AU$0.07. 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.
In the last twelve months Doctor Care Anywhere Group insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Doctor Care Anywhere Group Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Doctor Care Anywhere Group. In total, insiders bought AU$198k worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 28% of Doctor Care Anywhere Group shares, worth about AU$7.3m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Doctor Care Anywhere Group Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Doctor Care Anywhere Group we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Doctor Care Anywhere Group you should be aware of.