MetaLight Insiders Recover Some Losses, Which Stand At CN¥421k
Insiders who bought CN¥547.7k worth of MetaLight Inc. (HKG:2605) stock in the last year have seen some of their losses recouped as the stock gained 14% last week. The purchase, however, has proven to be a pricey bet, with losses currently totalling CN¥421k.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At MetaLight
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director Xiaoling Huang bought HK$528k worth of shares at a price of HK$4.98 per share. That means that an insider was happy to buy shares at above the current price of HK$1.15. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Xiaoling Huang was the only individual insider to buy during the last year. Notably Xiaoling Huang was also the biggest seller.
Xiaoling Huang purchased 110.00k shares over the year. The average price per share was HK$4.98. 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!
See our latest analysis for MetaLight
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does MetaLight Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. MetaLight insiders own about HK$58m worth of shares. That equates to 33% 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 MetaLight Insiders?
It doesn't really mean much that no insider has traded MetaLight shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in MetaLight and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MetaLight. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of MetaLight.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.