Usually, when an insider buys stocks, it might not be a monumental event. But when several insiders buy as they did in the case of Singapore Technologies Engineering Ltd (SGX: S63), which sends a positive message to the company’s shareholders.
While we don’t think shareholders should just follow insider trading, we think it makes perfect sense to keep tabs on what insiders are doing.
Check out our latest review for Singapore Technologies Engineering
The Last 12 Months of Insider Trading at Singapore Technologies Engineering
While no particular insider trades stood out, we can still look at all trades.
While Singapore Technologies Engineering insiders have bought shares in the past year, they haven’t sold. You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: the insiders bought them).
Looking at the total insider stakes in a company can help you determine if they are aligned with common shareholders. I think it’s a good sign if the insiders own a significant number of shares in the company. It appears that Singapore Technologies Engineering insiders own 0.5% of the company, worth around S $ 60 million. This level of insider ownership is good but just short of being particularly noteworthy. It certainly suggests a reasonable degree of alignment.
So what does this data suggest about Singapore Technologies’ engineering insiders?
It doesn’t mean much that no insiders have traded shares of Singapore Technologies Engineering in the past quarter. However, our analysis of transactions over the past year is encouraging. Insiders own shares in Singapore Technologies Engineering and we see no evidence to suggest that they are worried about the future. While we love to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. Every business has risks, and we have spotted 2 warning signs for Singapore Technologies Engineering you should know.
But beware : Singapore Technologies Engineering 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 those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, 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 using only 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 into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.