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Viewing insider transactions for Corero Network Security plc's (LON:CNS ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Corero Network Security
Corero Network Security Insider Transactions Over The Last Year
The Independent Non-Executive Director Richard Last made the biggest insider purchase in the last 12 months. That single transaction was for UK£155k worth of shares at a price of UK£0.078 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of UK£0.20. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Corero Network Security Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Corero Network Security insiders own about UK£47m worth of shares (which is 47% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Corero Network Security Tell Us?
The fact that there have been no Corero Network Security insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like Corero Network Security insiders think the business has merit. 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 Corero Network Security has 1 warning sign and it would be unwise to ignore this.