Insiders who bought Apollo Future Mobility Group Limited (HKG:860) stock in the last 12 months were richly rewarded last week. The company's market value increased by HK$174m as a result of the stock's 34% gain over the same period. As a result, their original purchase of HK$83.0m worth of stock is now worth HK$120.9m.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Apollo Future Mobility Group Insider Transactions Over The Last Year
The insider King Man Ho made the biggest insider purchase in the last 12 months. That single transaction was for HK$44m worth of shares at a price of HK$0.46 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of HK$0.67. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid HK$83m for 180.43m shares. But insiders sold 58.33m shares worth HK$70m. Overall, Apollo Future Mobility Group insiders were net buyers during the last year. 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!
View our latest analysis for Apollo Future Mobility Group
Apollo Future Mobility Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders At Apollo Future Mobility Group Have Sold Stock Recently
The last three months saw significant insider selling at Apollo Future Mobility Group. In total, insider Wa Fan Hoi sold HK$70m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership Of Apollo Future Mobility Group
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. It appears that Apollo Future Mobility Group insiders own 24% of the company, worth about HK$165m. 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 Apollo Future Mobility Group Insider Transactions Indicate?
An insider sold Apollo Future Mobility Group shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. On top of that, insiders own a significant portion of the company. So we're not too bothered by recent selling. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Apollo Future Mobility Group has 5 warning signs (2 don't sit too well with us!) that deserve your attention before going any further with your analysis.
Of course Apollo Future Mobility Group 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 of direct interests only, but not derivative transactions or indirect interests.
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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.