Yahoo Finance Trade Alert: The Non-Executive Director Of Camplify Holdings Limited (ASX:CHL), Karl Trouchet, Has Just Spent AU$226k Buying 1.9% More Shares
Investors who take an interest in Camplify Holdings Limited (ASX:CHL) should definitely note that the Non-Executive Director, Karl Trouchet, recently paid AU$1.70 per share to buy AU$226k worth of the stock. Although the purchase only increased their holding by 1.9%, it is still a solid purchase in our view.
View our latest analysis for Camplify Holdings
The Last 12 Months Of Insider Transactions At Camplify Holdings
Notably, that recent purchase by Karl Trouchet is the biggest insider purchase of Camplify Holdings shares that we've seen in the last year. That implies that an insider found the current price of AU$1.80 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Camplify Holdings insiders bought shares during the last year, they didn't sell. They paid about AU$1.98 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Camplify Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Camplify Holdings insiders own about AU$24m worth of shares. That equates to 20% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Camplify Holdings Insider Transactions Indicate?
The recent insider purchase is 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. Insiders likely see value in Camplify Holdings shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Camplify Holdings. Be aware that Camplify Holdings is showing 2 warning signs in our investment analysis, and 1 of those is a bit unpleasant...
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.
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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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