Even if it's not a huge purchase, we think it was good to see that Chung Lim, the Executive Chairman & CEO of iFAST Corporation Ltd. (SGX:AIY) recently shelled out S$53k to buy stock, at S$1.03 per share. That might not be a big purchase but it only increased their holding by 0.09%, and could be interpreted as a good sign.

View our latest analysis for iFAST

The Last 12 Months Of Insider Transactions At iFAST

In fact, the recent purchase by Executive Chairman & CEO Chung Lim was not their only acquisition of iFAST shares this year. Earlier in the year, they paid S$1.02 per share in a S$148k purchase. So it's clear an insider wanted to buy, at around the current price, which is S$1.04. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Chung Lim.

Chung Lim purchased 675.10k shares over the year. The average price per share was S$1.03. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. 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 iFAST

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 37% of iFAST shares, worth about S$103m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At iFAST Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about iFAST. One for the watchlist, at least! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for iFAST.

But note: iFAST 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.