Insiders who bought into EVE Health Group Limited (ASX:EVE) earlier this year might wish they'd invested more as stock gained 100%

EVE Health Group Limited (ASX:EVE) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 100% resulting in a AU$5.3m addition to the company’s market value. Put another way, the original AU$162k acquisition is now worth AU$324k.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

Check out our latest analysis for EVE Health Group

EVE Health Group Insider Transactions Over The Last Year

The Non-Executive Director Alasdair Cooke made the biggest insider purchase in the last 12 months. That single transaction was for AU$162k worth of shares at a price of AU$0.001 each. We do like to see buying, but this purchase was made at well below the current price of AU$0.002. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

EVE Health 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.

Insider Ownership Of EVE Health Group

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that EVE Health Group insiders own 20% of the company, worth about AU$2.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At EVE Health Group Tell Us?

The fact that there have been no EVE Health Group insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in EVE Health Group and we see no evidence to suggest they are worried about the future. 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. To help with this, we've discovered 6 warning signs (4 don't sit too well with us!) that you ought to be aware of before buying any shares in EVE Health Group.

Of course EVE Health 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, but not derivative transactions.

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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.

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