CTS Eventim KGaA Chairman of Management Board & CEO Acquires 27% More Stock
Those following along with CTS Eventim AG & Co. KGaA (ETR:EVD) will no doubt be intrigued by the recent purchase of shares by Klaus-Peter Schulenberg, Chairman of Management Board & CEO of the company, who spent a stonking €520m on stock at an average price of €51.93. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 27%.
CTS Eventim KGaA Insider Transactions Over The Last Year
In fact, the recent purchase by Klaus-Peter Schulenberg was the biggest purchase of CTS Eventim KGaA shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of €55.45 per share to be enticing. 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 CTS Eventim KGaA share holders is that an insider was buying at near the current price. Klaus-Peter Schulenberg was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for CTS Eventim KGaA
CTS Eventim KGaA is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does CTS Eventim KGaA Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that CTS Eventim KGaA insiders own 39% of the company, worth about €2.1b. 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 Does This Data Suggest About CTS Eventim KGaA Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about CTS Eventim KGaA. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that CTS Eventim KGaA has 1 warning sign and it would be unwise to ignore this.
Of course CTS Eventim KGaA 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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