Yahoo Finance Chief Executive Officer of SKY Network Television Picks Up 14% More Stock
Even if it's not a huge purchase, we think it was good to see that Sophie Moloney, the Chief Executive Officer of SKY Network Television Limited (NZSE:SKT) recently shelled out NZ$85k to buy stock, at NZ$2.82 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 14%.
See our latest analysis for SKY Network Television
SKY Network Television Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Philip Bowman bought NZ$537k worth of shares at a price of NZ$2.70 per share. So it's clear an insider wanted to buy, at around the current price, which is NZ$2.77. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for SKY Network Television share holders is that insiders were buying at near the current price.
While SKY Network Television insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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 Of SKY Network Television
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, SKY Network Television insiders have about 0.7% of the stock, worth approximately NZ$2.8m. We consider this fairly low insider ownership.
So What Does This Data Suggest About SKY Network Television Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that SKY Network Television insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 2 warning signs we've spotted with SKY Network Television (including 1 which is a bit concerning).
But note: SKY Network Television may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
