Potential Info-Tech Systems Ltd. (SGX:ITS) shareholders may wish to note that the Co-Founder, Setin Subramanian Dilip Babu, recently bought S$510k worth of stock, paying S$0.77 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Info-Tech Systems
Over the last year, we can see that the biggest insider sale was by the Co-Founder & Executive Chairman, Kim Heng Lee, for S$23m worth of shares, at about S$0.94 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of S$0.78. So it may not tell us anything about how insiders feel about the current share price. Kim Heng Lee was the only individual insider to sell shares in the last twelve months.
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!
Check out our latest analysis for Info-Tech Systems
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of Info-Tech Systems
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Info-Tech Systems insiders own 65% of the company, currently worth about S$130m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Info-Tech Systems Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. However, the longer term transactions are not so encouraging. The recent buying by an insider , along with high insider ownership, suggest that Info-Tech Systems insiders are fairly aligned, and optimistic. Of course, the future is what matters most. So if you are interested in Info-Tech Systems, you should check out this free report on analyst forecasts for the company.
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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