Insider Spends AU$300k Buying More Shares In Emyria

Simply Wall St.
2024-09-26

Potential Emyria Limited (ASX:EMD) shareholders may wish to note that the Independent Non-Executive Chairman, Gregory Hutchinson, recently bought AU$300k worth of stock, paying AU$0.05 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 1,200%.

View our latest analysis for Emyria

Emyria Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Sufian Ahmad, for AU$672k worth of shares, at about AU$0.04 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (AU$0.033). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Sufian Ahmad. Notably Sufian Ahmad was also the biggest buyer, having purchased AU$1.2m worth of shares.

Happily, we note that in the last year insiders paid AU$1.2m for 21.94m shares. But they sold 16.80m shares for AU$672k. In the last twelve months there was more buying than selling by Emyria insiders. They paid about AU$0.056 on average. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

ASX:EMD Insider Trading Volume September 25th 2024

Emyria is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Emyria insiders own about AU$5.1m worth of shares. That equates to 38% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Emyria Insiders?

The insider sales have outweighed the insider buying, at Emyria, in the last three months. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 7 warning signs for Emyria you should be aware of, and 3 of these shouldn't be ignored.

Of course Emyria 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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