Yahoo Finance The CEO & Executive Director of Future plc (LON:FUTR), Zillah Byng-Thorne, Just Bought 2.2% More Shares
Potential Future plc (LON:FUTR) shareholders may wish to note that the CEO & Executive Director, Zillah Byng-Thorne, recently bought UK£101k worth of stock, paying UK£16.81 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.2%.
Check out our latest analysis for Future
The Last 12 Months Of Insider Transactions At Future
Notably, that recent purchase by CEO & Executive Director Zillah Byng-Thorne was not the only time they bought Future shares this year. They previously made an even bigger purchase of UK£108k worth of shares at a price of UK£11.84 per share. Even though the purchase was made at a significantly lower price than the recent price (UK£17.92), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Future insiders were buying shares, but not selling. The average buy price was around UK£14.20. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. 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!
Future is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Future Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Future insiders own 0.5% of the company, worth about UK£9.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Future Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Future stock. Of course, the future is what matters most. So if you are interested in Future, you should check out this free report on analyst forecasts for the company.
Of course Future may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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