Yahoo Finance The Group CEO & Director of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS), Christopher Meyer, Just Bought 24% More Shares
Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) shareholders (or potential shareholders) will be happy to see that the Group CEO & Director, Christopher Meyer, recently bought a whopping US$587k worth of stock, at a price of US$5.62. Not only is that a big swing, but it increased their holding size by 24%, which is definitely great to see.
See our latest analysis for Net 1 UEPS Technologies
Net 1 UEPS Technologies Insider Transactions Over The Last Year
In fact, the recent purchase by Christopher Meyer was the biggest purchase of Net 1 UEPS Technologies shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$5.00. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. 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.
Over the last year, we can see that insiders have bought 127.12k shares worth US$707k. But insiders sold 17.67k shares worth US$98k. In the last twelve months there was more buying than selling by Net 1 UEPS Technologies insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Net 1 UEPS Technologies
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.6% of Net 1 UEPS Technologies shares, worth about US$7.3m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Net 1 UEPS Technologies Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Net 1 UEPS Technologies insiders are reasonably well aligned, and optimistic for the future. 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. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Net 1 UEPS Technologies.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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. 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.
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