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CEO & Executive Director of Qingdao AInnovation Technology Group Picks Up 14% More Stock

Simply Wall St ·  Dec 13, 2023 17:05

Qingdao AInnovation Technology Group Co., Ltd. (HKG:2121) shareholders (or potential shareholders) will be happy to see that the CEO & Executive Director, Hui Xu, recently bought a whopping HK$22m worth of stock, at a price of HK$3.06. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 14%.

Check out our latest analysis for Qingdao AInnovation Technology Group

Qingdao AInnovation Technology Group Insider Transactions Over The Last Year

In fact, the recent purchase by Hui Xu was the biggest purchase of Qingdao AInnovation Technology Group shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of HK$9.80. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current 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!

insider-trading-volume
SEHK:2121 Insider Trading Volume December 13th 2023

Qingdao AInnovation Technology Group 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 Qingdao AInnovation Technology Group 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Qingdao AInnovation Technology Group insiders own about HK$956m worth of shares (which is 18% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Qingdao AInnovation Technology Group Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Qingdao AInnovation Technology Group. Nice! While we like knowing 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 found 1 warning sign for Qingdao AInnovation Technology Group that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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