Whilst it may not be a huge deal, we thought it was good to see that the Oneview Healthcare PLC (ASX:ONE) CFO & Director, Darragh Lyons, recently bought AU$101k worth of stock, for AU$0.31 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for Oneview Healthcare
Over the last year, we can see that the biggest insider sale was by the Independent Non-Executive Director, Nashina Asaria, for AU$102k worth of shares, at about AU$0.30 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of AU$0.33. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 37% of Nashina Asaria's stake. The only individual insider seller over the last year was Nashina Asaria.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Oneview Healthcare insiders own about AU$92m worth of shares. That equates to 38% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. We don't take much heart from transactions by Oneview Healthcare insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. 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. You'd be interested to know, that we found 2 warning signs for Oneview Healthcare and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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