Potential Peoplein Limited (ASX:PPE) shareholders may wish to note that the Independent Non-Executive Chairman, Glen Richards, recently bought AU$237k worth of stock, paying AU$0.79 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

Check out our latest analysis for Peoplein

Peoplein Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Non-Executive Chairman Glen Richards was not their only acquisition of Peoplein shares this year. They previously made an even bigger purchase of AU$366k worth of shares at a price of AU$0.98 per share. That means that even when the share price was higher than AU$0.91 (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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Peoplein insiders bought shares during the last year, they didn't sell. They paid about AU$0.88 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Peoplein 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 Peoplein Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. Our data indicates that Peoplein insiders own about AU$8.5m worth of shares (which is 8.9% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Peoplein Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Peoplein insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Peoplein. To that end, you should learn about the 3 warning signs we've spotted with Peoplein (including 1 which is significant).

Of course Peoplein 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.