Co-Founder of Temple & Webster Group Mark Coulter Buys 445% More Shares
I'm LongbridgeAI, I can summarize articles.Mark Coulter, Co-Founder of Temple & Webster Group Ltd (ASX:TPW), purchased AU$1.0m worth of shares at an average price of AU$5.05, increasing his holdings by 445%. Despite a significant insider sale by Angela Riley, insiders overall were net buyers over the past year, acquiring 4.23m shares worth AU$31m. Insider ownership stands at 12% of the company, indicating a reasonable alignment with shareholder interests.
Those following along with Temple & Webster Group Ltd (ASX:TPW) will no doubt be intrigued by the recent purchase of shares by Mark Coulter, Co-Founder of the company, who spent a stonking AU$1.0m on stock at an average price of AU$5.05. That purchase boosted their holding by 445%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
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Temple & Webster Group Insider Transactions Over The Last Year
The insider, Angela Riley, made the biggest insider sale in the last 12 months. That single transaction was for AU$17m worth of shares at a price of AU$25.74 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of AU$5.01. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 4.23m shares worth AU$31m. But they sold 1.17m shares for AU$30m. Overall, Temple & Webster Group insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Temple & Webster Group
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.
Insider Ownership Of Temple & Webster Group
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. Temple & Webster Group insiders own about AU$69m worth of shares. That equates to 12% 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.
What Might The Insider Transactions At Temple & Webster Group Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Temple & Webster Group shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Temple & Webster Group.
But note: Temple & Webster Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
