Yahoo Finance Predictive Discovery Limited (ASX:PDI) insider upped their holding earlier this year
From what we can see, insiders were net buyers in Predictive Discovery Limited's (ASX:PDI ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Predictive Discovery
Predictive Discovery Insider Transactions Over The Last Year
While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.
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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 13% of Predictive Discovery shares, worth about AU$40m. 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 Predictive Discovery Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Predictive Discovery shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Predictive Discovery and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Predictive Discovery. Case in point: We've spotted 4 warning signs for Predictive Discovery you should be aware of, and 3 of them are significant.
Of course Predictive Discovery 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.
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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.
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