Yahoo Finance Insider Buying: The Corero Network Security plc (LON:CNS) Non-Executive Chairman Just Bought US$1.2m Worth Of Shares
Those following along with Corero Network Security plc (LON:CNS) will no doubt be intrigued by the recent purchase of shares by Jens Montanana, Non-Executive Chairman of the company, who spent a stonking UK£1.2m on stock at an average price of UK£0.035. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 21%.
See our latest analysis for Corero Network Security
The Last 12 Months Of Insider Transactions At Corero Network Security
Notably, that recent purchase by Jens Montanana is the biggest insider purchase of Corero Network Security shares that we've seen in the last year. That implies that an insider found the current price of UK£0.035 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Corero Network Security share holders is that insiders were buying at near the current price.
In the last twelve months Corero Network Security insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Corero Network Security is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Corero Network Security
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. Corero Network Security insiders own about UK£3.9m worth of shares. That equates to 25% of the company. 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 Corero Network Security Insider Transactions Indicate?
The recent insider purchases are heartening. 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. Given that insiders also own a fair bit of Corero Network Security we think they are probably pretty confident of 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, 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
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