MD, CEO & Executive Director of Gentrack Group Picks Up 2.5% More Stock

Investors who take an interest in Gentrack Group Limited (NZSE:GTK) should definitely note that the MD, CEO & Executive Director, Gary Miles, recently paid NZ$3.81 per share to buy NZ$239k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.5%.

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Gentrack Group Insider Transactions Over The Last Year

In fact, the recent purchase by MD, CEO & Executive Director Gary Miles was not their only trade of Gentrack Group shares this year. They previously made a sale of -NZ$6.8m worth of shares at a price of NZ$9.00 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is NZ$3.99. So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 88.00k shares for NZ$348k. On the other hand they divested 986.88k shares, for NZ$8.9m. In total, Gentrack Group insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Gentrack Group

I will like Gentrack Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Gentrack Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.8% of Gentrack Group shares, worth about NZ$12m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Gentrack Group Insider Transactions Indicate?

The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. While recent transactions indicate confidence in Gentrack Group, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. In short they are likely aligned with shareholders. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Gentrack Group.

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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.

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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.