Last week, Growthpoint Properties Australia (ASX:GOZ) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 4.9% last week, resulting in a AU$115m increase in the company's market worth. Put another way, the original AU$141k acquisition is now worth AU$142k.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Growthpoint Properties Australia
Notably, that recent purchase by Josephine Sukkar is the biggest insider purchase of Growthpoint Properties Australia 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 AU$3.22. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid AU$141k for 44.00k shares. But insiders sold 25.00k shares worth AU$109k. Overall, Growthpoint Properties Australia insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Growthpoint Properties Australia 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.
Growthpoint Properties Australia Insiders Bought Stock Recently
Over the last quarter, Growthpoint Properties Australia insiders have spent a meaningful amount on shares. In total, insiders bought AU$121k worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.
Does Growthpoint Properties Australia 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.8% of Growthpoint Properties Australia shares, worth about AU$19m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Growthpoint Properties Australia Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Growthpoint Properties Australia we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Growthpoint Properties Australia. To help with this, we've discovered 4 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in Growthpoint Properties Australia.
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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