Potential Pushpay Holdings Limited (NZSE: PPH) Shareholders may wish to note that Interim CFO Richard Keys recently bought NZ $ 152,000 of shares, paying NZ $ 1.52 for each share. However, it only increased participation by a small percentage, and it wasn’t a huge buy in absolute value either.
Check out our latest analysis for Pushpay Holdings
Insider Trading of Pushpay Holdings in the Past Year
Visionary and Executive Director Christopher Fowler had the biggest insider sale in the past 12 months. This one-time transaction involved shares valued at NZ $ 23 million priced at NZ $ 1.79 each. While insider selling is negative, for us it is even more negative if stocks are sold for a lower price. It is heartwarming that this sale was made at a much higher price than the current share price, which is NZ $ 1.44. So this may not tell us anything about what insiders think about the current share price.
Fortunately, we note that in the past year, insiders paid NZ $ 320,000 for 197.23,000 shares. But insiders sold 17.57 million shares worth NZ $ 31 million. In total, insiders sold more shares of Pushpay Holdings than they bought in the past year. The chart below shows insider trading (by businesses and individuals) over the past year. If you click on the chart you can see all of the individual trades including the stock price, individual and date!
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Insider ownership of Pushpay Holdings
For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. It appears that Insiders of Pushpay Holdings own 4.8% of the company, worth around NZ $ 79 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
So what does this data suggest about Pushpay Holdings insiders?
The recent insider buying is encouraging. But the same cannot be said for the transactions of the last 12 months. We don’t like the transactions made by Insiders of Pushpay Holdings over the past year. But they own a reasonable share of the business, and there have been a few purchases recently. Overall, they seem reasonably aligned. In addition to knowing what insider trading is going on, it helps to identify the risks Pushpay Holdings faces. Concrete example: we have spotted 3 warning signs for Pushpay Holdings you must be aware.
Sure Pushpay Holdings may not be the best stock to buy. So you might want to see this free collection of high quality companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St does not have any position in the mentioned stocks.
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