Multiple insiders have secured larger positions in My Food Bag Group Limited ( NZSE:MFB ) shares in the last twelve months, which is reassuring as it suggests insiders are becoming increasingly optimistic about the company's prospects.
While insider trading is not the most important aspect of long-term investing, it would be foolish to ignore it completely.
View our latest analysis for My Food Bag Group
Insider transactions for My Food Bag Group over the past year
In the last 12 months, the largest single purchase by an insider was when Non-Executive Director Cecilia Robinson bought NZ$875k worth of shares at NZ$0.13 per share. Although this purchase was made at a significantly lower price than the recent price (NZ$0.16), we still consider insider purchases to be positive. As the shares were purchased at a lower price, this particular purchase doesn't tell us much about how insiders feel about the current share price.
My Food Bag Group insiders may have bought shares in the last year, but they haven't sold any. The chart below shows insider transactions (by companies and individuals) over the last year, and by clicking on the chart you can see all the individual transactions, including the stock price, individual, and date.
Insider Trading Volume
My Food Bag Group isn't the only stock insiders are buying, so take a peek at this free list of under-the-radar companies that insiders are buying.
Have My Food Bag Group insiders traded recently?
My Food Bag Group has seen some insider buying in the last three months, with Independent Chairman Antony Carter buying NZ$15k worth of shares in the period. We'd prefer to have only buyers and no sellers, but in this case the recent investments have been fairly small.
Does My Food Bag Group boast high insider ownership?
I like to see how many shares insiders own in a company. This helps give me an idea of ​​how aligned they are with insiders. I consider it a good sign when insiders own a significant number of shares in the company. Our data indicates that insiders own 12% of My Food Bag Group's shares, worth about NZ$4.6m. Overall, this level of ownership is not all that impressive, but it's certainly better than nothing.
So what does My Food Bag Group's insider trading show?
Our data shows that there has been some insider buying in the last three months, but no selling. That said, the purchases were not significant. However, analysis of transactions over the past year is encouraging. It would be nice to see more individual holdings. However, there is nothing to make us think that My Food Bag Group insiders are suspicious of the company. So, while these insider transactions can help you form a thesis about the stock, it's also worth knowing the risks this company faces. Our analysis shows 2 warning signs for My Food Bag Group (1 which shouldn't be ignored!) and we strongly recommend you check these before investing.
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But note: My Food Bag Group may not necessarily be the best stock to buy , so take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory bodies. Currently, we count only open market transactions and private dispositions of direct interests, not derivative transactions or indirect interests.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
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