Insider Buying: The Surevin BPO Services Limited (NSE:SUREVIN) Chief Financial Officer Just Bought ₹351k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that Pradeep Karambelkar, the Chief Financial Officer of Surevin BPO Services Limited (NSE:SUREVIN) recently shelled out ₹351k to buy stock, at ₹70.15 per share. While that isn't the hugest buy, it actually boosted their shareholding by 125%, which is good to see.
View our latest analysis for Surevin BPO Services
Surevin BPO Services Insider Transactions Over The Last Year
Notably, that recent purchase by Pradeep Karambelkar is the biggest insider purchase of Surevin BPO Services shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is ₹73.65. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Surevin BPO Services share holders is that an insider was buying at near the current price. Pradeep Karambelkar was the only individual insider to buy over the year.
Pradeep Karambelkar bought a total of 6000 shares over the year at an average price of ₹74.62. 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!
Surevin BPO Services is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Surevin BPO Services Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Surevin BPO Services insiders own 73% of the company, currently worth about ₹182m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Surevin BPO Services Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Surevin BPO Services. Nice! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.
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. Thank you for reading.
