Highlights
- Executive Director Kim Hopwood recently made a significant stock transaction.
- Insider activity at xReality Group shows more purchases than sales over the past year.
- Insiders own 22% of xReality Group's equity, indicating notable shareholder alignment
Recently, xReality Group's (ASX:XRG) Executive Director, Kim Hopwood, executed a notable transaction, netting AU$100k by offloading a portion of shares at an average price of AU$0.038. This move only slightly decreased Hopwood's total stake by 6.8%.
Understanding Insider Activities Over the Last Year
The transaction by Kim Hopwood stands out as the largest of its kind over the past twelve months for xReality Group. Selling shares at about the current price of AU$0.036 indicates a level of caution, although it doesn't raise major concerns.
Within the last year, insiders have acquired 8.28 million shares, valued at AU$296k, while selling 2.63 million shares for AU$100k. This trend shows that insiders have, overall, bought more shares than they have sold, with purchases typically taking place around an average price of AU$0.036. This suggests that insiders have confidence in the company, investing their personal finances into the stock.
Insider Ownership of xReality Group
Insiders hold 22% of xReality Group, which equals about AU$4.4 million. Although this is not an exceedingly high level of insider ownership, it does align the interests of the management with other shareholders.
Implications of Recent Insider Transactions
Over the past three months, insider purchases were minor, yet there were no sales during this period. Despite the modest amounts, the lack of selling and continued ownership suggest a positive outlook toward the company's future.
It's important to stay informed about the company's insider activities and ownership, but also be aware of potential risks. xReality Group currently faces four significant warning signs based on recent analyses.