CFO & Director of Celebrus Technologies Picks Up 50% More Stock
Even if it's not a huge purchase, we think it was good to see that Ashoni Mehta, the CFO & Director of Celebrus Technologies plc (LON:CLBS) recently shelled out UK£58k to buy stock, at UK£0.96 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 50%.
The Last 12 Months Of Insider Transactions At Celebrus Technologies
Notably, that recent purchase by Ashoni Mehta is the biggest insider purchase of Celebrus Technologies shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£1.05. 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. Happily, the Celebrus Technologies insiders decided to buy shares at close to current prices.
In the last twelve months Celebrus Technologies insiders were buying shares, but not selling. 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!
Check out our latest analysis for Celebrus Technologies
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Celebrus Technologies
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From what we can see in our data, insiders own only about UK£401k worth of Celebrus Technologies shares. This level of insider ownership is notably low, and not very encouraging.
So What Do The Celebrus Technologies Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Celebrus Technologies stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Celebrus Technologies you should know about.
Of course Celebrus Technologies 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 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.