The Independent Non-Executive Director of EMvision Medical Devices Limited (ASX:EMV), Philip Dubois, Just Bought 533% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the EMvision Medical Devices Limited (ASX:EMV) Independent Non-Executive Director, Philip Dubois, recently bought AU$100k worth of stock, for AU$2.50 per share. While that isn't the hugest buy, it actually boosted their shareholding by 533%, which is good to see.
View our latest analysis for EMvision Medical Devices
EMvision Medical Devices Insider Transactions Over The Last Year
In fact, the recent purchase by Philip Dubois was the biggest purchase of EMvision Medical Devices shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is AU$2.54. Of course they may have changed their mind. But this suggests they are optimistic. 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. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Philip Dubois.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of EMvision Medical Devices
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. EMvision Medical Devices insiders own about AU$43m worth of shares. That equates to 24% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The EMvision Medical Devices Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest EMvision Medical Devices insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - EMvision Medical Devices has 3 warning signs we think you should be aware of.
Of course EMvision Medical Devices may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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