Viewing insider transactions for Metalpha Technology Holding Limited's (NASDAQ:MATH ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Metalpha Technology Holding
Metalpha Technology Holding Insider Transactions Over The Last Year
The COO & Director Ming Ni made the biggest insider purchase in the last 12 months. That single transaction was for US$400k worth of shares at a price of US$1.00 each. That means that even when the share price was higher than US$0.90 (the recent price), an insider wanted to purchase shares. 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. To us, it's very important to consider the price insiders pay for 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. Ming Ni was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Metalpha Technology Holding
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Metalpha Technology Holding insiders own about US$5.6m worth of shares. That equates to 20% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Metalpha Technology Holding Insider Transactions Indicate?
The fact that there have been no Metalpha Technology Holding insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Metalpha Technology Holding and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Metalpha Technology Holding. When we did our research, we found 6 warning signs for Metalpha Technology Holding (2 make us uncomfortable!) that we believe deserve your full attention.