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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Bravura Solutions Limited's (ASX:BVS) instance, it's good news for shareholders.
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.
View our latest analysis for Bravura Solutions
Bravura Solutions Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Chairman Matthew Quinn bought AU$127k worth of shares at a price of AU$0.67 per share. We do like to see buying, but this purchase was made at well below the current price of AU$1.07. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months Bravura Solutions insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bravura Solutions is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Bravura Solutions Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. Insiders own 1.9% of Bravura Solutions shares, worth about AU$9.1m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Bravura Solutions Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Bravura Solutions insiders bought more shares in the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Bravura Solutions 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.