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Trade Alert: The Executive Chairman & CEO Of TradeGo FinTech Limited (HKG:8017), Yong Liu, Has Just Spent HK$368k Buying A Few More Shares

Simply Wall St ·  {{timeTz}}

Even if it's not a huge purchase, we think it was good to see that Yong Liu, the Executive Chairman & CEO of TradeGo FinTech Limited (HKG:8017) recently shelled out HK$368k to buy stock, at HK$0.76 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for TradeGo FinTech

The Last 12 Months Of Insider Transactions At TradeGo FinTech

Notably, that recent purchase by Yong Liu is the biggest insider purchase of TradeGo FinTech shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (HK$0.88), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

TradeGo FinTech insiders may have bought shares in the last year, but they didn't sell any. 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!

insider-trading-volumeSEHK:8017 Insider Trading Volume August 14th 2022

TradeGo FinTech 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 TradeGo FinTech Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that TradeGo FinTech insiders own 26% of the company, worth about HK$136m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The TradeGo FinTech Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about TradeGo FinTech. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for TradeGo FinTech you should know about.

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, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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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