Insider Buying: The Mind Gym plc (LON:MIND) Co-Founder Just Bought 2.0% More Shares
Mind Gym plc (LON:MIND) shareholders (or potential shareholders) will be happy to see that the Co-Founder, Orlando Irvine Black, recently bought a whopping UK£500k worth of stock, at a price of UK£0.90. While that only increased their holding size by 2.0%, it is still a big swing by our standards.
Check out our latest analysis for Mind Gym
Mind Gym Insider Transactions Over The Last Year
Notably, that recent purchase by Orlando Irvine Black is the biggest insider purchase of Mind Gym shares that we've seen in the last year. That implies that an insider found the current price of UK£0.90 per share to be enticing. 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. Happily, the Mind Gym insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 1.06m shares worth UK£950k. On the other hand they divested 20.94k shares, for UK£21k. In total, Mind Gym insiders bought more than they sold over the last year. 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!
Mind Gym is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Mind Gym insiders own 9.3% of the company, worth about UK£8.3m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Mind Gym Insider Transactions Indicate?
It is good to see recent purchasing. 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 Mind Gym insiders are expecting a bright future. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course Mind Gym 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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