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We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares in accesso Technology Group plc (LON:ACSO).
What Is Insider Buying?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, such insiders must disclose their trading activities, and not trade on inside information.
We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
View our latest analysis for accesso Technology Group
accesso Technology Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Senior Independent Director Karen Slatford bought UK£100k worth of shares at a price of UK£8.45 per share. That means that even when the share price was higher than UK£6.65 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months insiders paid UK£245k for 27835 shares purchased. While accesso Technology Group insiders bought shares last year, they didn't sell. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
accesso Technology Group 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.
Insiders at accesso Technology Group Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at accesso Technology Group. Not only was there no selling that we can see, but they collectively bought US$245k worth of shares. That shows some optimism about the company's future.