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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Oneview Healthcare PLC's (ASX:ONE) instance, it's good news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Oneview Healthcare
In the last twelve months, the biggest single purchase by an insider was when CFO & Executive Director Darragh Lyons bought AU$149k worth of shares at a price of AU$0.32 per share. That means that even when the share price was higher than AU$0.27 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Oneview Healthcare insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Oneview Healthcare
Oneview Healthcare is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Oneview Healthcare Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Oneview Healthcare insiders own 47% of the company, currently worth about AU$95m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Oneview Healthcare Tell Us?
It doesn't really mean much that no insider has traded Oneview Healthcare shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. It would be great to see more insider buying, but overall it seems like Oneview Healthcare insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. Of course, the future is what matters most. So if you are interested in Oneview Healthcare, you should check out this free report on analyst forecasts for the company.