Judges Scientific plc (LON: JDG) shareholders may want to take note of the recent insider transaction by Lushani Kodituwakku, an Independent Non-Executive Director at the company. Kodituwakku purchased £123,000 worth of shares, buying at £74.15 each, which increased their holding by an impressive 203%. This move could signal strong optimism about the company’s prospects.
Insider Activity at Judges Scientific Over the Last Year
Kodituwakku’s purchase is the latest development in a year that has seen mixed insider activity at Judges Scientific. The largest insider transaction in the past 12 months involved CEO and Executive Director, David Cicurel, who sold £6.0 million worth of shares at approximately £100 each. Although insider sales often raise concerns, the fact that Cicurel sold at a price significantly higher than the current trading price of £71.00 mitigates some of the negative sentiment surrounding the sale.
Over the past year, insiders have purchased 2,260 shares for £176,000, but they have also sold a substantial 95,350 shares for £9.5 million. Overall, insiders have sold more than they’ve bought in the past year, which could raise some questions about their confidence at the current share price levels.
Insider Ownership at Judges Scientific
When considering insider transactions, it’s also helpful to look at the proportion of company ownership held by insiders. In the case of Judges Scientific, insiders hold approximately 11% of the company’s shares, valued at around £50 million. While this is a relatively modest level of insider ownership compared to some other companies, it still suggests a reasonable alignment of interests between the company’s leadership and its shareholders.
What Do These Insider Transactions Mean for Investors?
The recent insider buying activity is certainly a positive signal, suggesting confidence in Judges Scientific’s future. However, the broader picture of insider transactions raises some caution. Despite the recent purchases, the company’s overall trend of insider sales over the past year, coupled with relatively low insider ownership, makes it difficult to be fully bullish on the stock at this point.
In addition to insider transactions, investors should also consider the risks associated with Judges Scientific. We’ve identified two warning signs related to the company that could impact its long-term performance.
For those looking to explore other investment opportunities, a free list of high-quality companies with strong insider buying trends and attractive valuations is available.
Disclaimer: This article provides general information and analysis based on historical data and is not intended as financial advice. Please consider your own financial situation and investment objectives before making any decisions. Simply Wall St does not hold positions in any of the stocks mentioned.
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