Vincent Nicoletti Spends AU$273k On Perenti Stock

Potential Perenti Limited (ASX:PRN) shareholders may wish to note that the Independent Non-Executive Director, Vincent Nicoletti, recently bought AU$273k worth of stock, paying AU$2.18 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

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The Last 12 Months Of Insider Transactions At Perenti

The insider, Mark Alexander Norwell, made the biggest insider sale in the last 12 months. That single transaction was for AU$2.5m worth of shares at a price of AU$2.47 each. 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 AU$2.18. So it is hard to draw any strong conclusion from it. Mark Alexander Norwell was the only individual insider to sell shares in the last twelve months.

In the last twelve months insiders purchased 370.49k shares for AU$812k. But they sold 1.03m shares for AU$2.5m. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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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. We usually like to see fairly high levels of insider ownership. Insiders own 5.5% of Perenti shares, worth about AU$113m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Perenti Tell Us?

It is good to see recent purchasing. On the other hand the transaction history, over the last year, isn't so positive. The high levels of insider ownership, and the recent buying by some insiders suggests they are well aligned and optimistic. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Perenti. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Perenti.

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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.