Bravura Solutions Limited (ASX:BVS) CFO, Executive Director and Co-Secretary Brent Henley has just bought a few more shares
Investors interested in Bravura Solutions Limited (ASX:BVS) should certainly note that the company’s chief financial officer, chief executive and joint secretary, Brent Henley, recently paid AU$1.83 per share to buy AU$175,000 worth of shares. Although the purchase is not large, either in percentage or in absolute value, it can be considered a good sign.
Check out our latest analysis for Bravura Solutions
The last 12 months of insider trading at Bravura Solutions
In fact, the recent purchase by Brent Henley was the largest purchase of Bravura Solutions stock by an insider in the past twelve months, according to our records. This means that even when the stock price was above AU$1.70 (the recent price), an insider wanted to buy stock. It is very possible that they regret the purchase, but it is more likely that they are optimistic about the company. For us, it is very important to consider the price that insiders pay for the shares. Generally speaking, it catches our attention when an insider has bought stocks at prices higher than the current price, as it suggests that they thought the stock was worth buying, even at a higher price. Brent Henley was the only individual insider to buy in the past year.
You can see insider trading (by companies and individuals) over the past year illustrated in the table below. By clicking on the graph below, you will be able to see the precise detail of each insider trade!
There are many other companies whose insiders buy shares. You probably do do not want to miss this free list of growing companies insiders are buying.
Insider Ownership of Bravura Solutions
For an ordinary shareholder, it is worth checking how many shares are held by company insiders. I think it’s a good sign if insiders have a significant number of shares in the company. According to our data, insiders own A$6.2 million worth of Bravura Solutions shares, or about 1.5% of the company. We consider this to be fairly weak insider property.
So what does this data suggest about Bravura Solutions insiders?
Good to see the recent insider buying. And longer-term insider trading also gives us confidence. Although overall insider ownership levels are lower than we would like to see, the trading history implies that Bravura Solutions insiders are reasonably well-aligned and optimistic about the future. So these insider trades can help us build a thesis on the stock, but it’s also helpful to know the risks this company faces. For example – Bravura Solutions has 2 warning signs we think you should know.
But note: Bravura Solutions may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.