Even if it's not a huge purchase, we think it was good to see that Mark Summerhayes, the Alternate Non-Executive Director of ReadyTech Holdings Limited (ASX:RDY) recently shelled out AU$86k to buy stock, at AU$3.59 per share. However, it only increased their shares held by 4.5%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for ReadyTech Holdings

ReadyTech Holdings Insider Transactions Over The Last Year

In fact, the recent purchase by Alternate Non-Executive Director Mark Summerhayes was not their only acquisition of ReadyTech Holdings shares this year. They previously made an even bigger purchase of AU$208k worth of shares at a price of AU$1.80 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$3.79. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months ReadyTech Holdings insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! insider-trading-volume

ReadyTech Holdings is not the only stock insiders are buying. So take a peek at this freelist of growing companies with insider buying.

Does ReadyTech Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.5% of ReadyTech Holdings shares, worth about AU$30m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About ReadyTech Holdings Insiders?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in ReadyTech Holdings shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 3 warning signs for ReadyTech Holdings and we suggest you have a look.



But note: ReadyTech Holdings may not be the best stock to buy. So take a peek at this freelist 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an 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 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.