Insider Buying: The PureTech Health plc (LON:PRTC) President Just Bought 15% More Shares

Simply Wall St
·2 min read

Even if it's not a huge purchase, we think it was good to see that Bharatt Chowrira, the President of PureTech Health plc (LON:PRTC) recently shelled out UK£69k to buy stock, at UK£3.46 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 15%.

See our latest analysis for PureTech Health

PureTech Health Insider Transactions Over The Last Year

Notably, that recent purchase by Bharatt Chowrira is the biggest insider purchase of PureTech Health shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of UK£3.45. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Bharatt Chowrira was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. PureTech Health insiders own 8.9% of the company, currently worth about UK£88m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The PureTech Health Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in PureTech Health shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for PureTech Health (2 make us uncomfortable!) and we strongly recommend you look at these before investing.

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.

This article by Simply Wall St is general in nature. 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.

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

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Recommended Stories

  • Entera Bio Stock Could More Than Double From Here, Says Analyst

    In the biotech space, big announcements often precede big share price movements; both were on tap for Entera Bio (ENTX) on Wednesday. Entera shares took off after the company provided an update from the placebo-controlled, double blind Phase 2 trial of EB613, Entera’s drug candidate for the treatment of osteoporosis. Following 6 months of treatment, the study achieved its key endpoints. Participants who took a 2.5 mg dose of EB613 displayed meaningful dose-related increases in bone mineral densi

  • Forget AMC and Gamestop: 10 New Stocks Reddit’s WallStreetBets Is Buying

    In this article, we discuss the 10 new stocks Reddit’s WallStreetBets is buying. If you want to skip our detailed analysis of these stocks, go directly to 5 New Stocks Reddit’s WallStreetBets Is Buying. The post-pandemic marketplace, already under heavy strain amid fears of inflation and a dramatic drop in the prices of growth stocks […]

  • AT&T’s Inc., (NYSE:T) relatively Low Price can net a 7.3% Dividend Yield

    AT&T Inc. ( NYSE:T ) provides telecommunication, media, and technology services worldwide. Most of the company revenue is derived from the communications segment, where they provide a nationwide wireless service, business advanced IP-based services, broadband & fiber communication services primarily to residential customers. In aggregate, this segment generates more than US$139b in revenue, which represents 80% of the total $US 171b operating revenue for 2020.

  • Bitcoin Resumes Slide Toward Closely Watched Technical Level

    (Bloomberg) -- Bitcoin fell for the first time in four trading sessions, pushing the largest cryptocurrency back toward price levels that technical analysts say could portend greater losses.The virtual currency fell as much as 9.2% to $31,667 in New York trading, capping a volatile week that saw the prices swing almost $10,000.On Monday, the original cryptocurrency formed a death cross, meaning its average price over the last 50 days fell below that of its 200-day moving average. The indicator i

  • Dozens of Ex-Sears Stores to Hit Market as CEO Culls Assets

    (Bloomberg) -- The owner of former Sears stores is looking to sell as many as 50 properties as it tries to generate cash and focus on the development of other sites it owns.Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, wants to unload 40 to 50 sites that “were less interesting in terms of uses of our capital,” according to Chief Executive Officer Andrea Olshan.“I’ve been very clear what I want to own and what I don’t think is strategic for us

  • How Much Do You Need to Live Off Dividends?

    Dividends can be used to create passive income in an investment portfolio or grow wealth over the long term through reinvestment. Knowing how to live off dividends may be central to your retirement planning strategy if you want to avoid … Continue reading → The post How Much Do You Need to Live Off Dividends? appeared first on SmartAsset Blog.

  • Why is Sundial Growers Trading to the Moon?

    Sundial Growers Inc. (SNDL) shares surged 12.1% on June 23. Over the past month, the stock has surged 38.9%, which is huge enough to draw the attention of investors. This Canada-based company operates as a pharmaceutical company. It produces and grows cannabis strains. It has gained 112.8% over the past six months and 81.8% on a year-to-date basis. Though there are no concrete reasons for the surge in the stock price, there are few interesting facts which might have sent SNDL prices soaring. For

  • Sorrento Is Firing on All Cylinders

    Sorrento Therapeutics (SRNE) is a company with its foot on the gas, and hardly a week goes by without new developments. This week is no different. On Tuesday, the biotech announced a multi-year Cooperative Research and Development Agreement (CRADA) with the U.S. Naval Medical Research Unit (NAMRU-3). The partnership’s aim is to conduct infectious disease research that assists the Department of Defense (DoD), informs host nation partners’ public health policy, and improves the U.S. Armed Forces m

  • China Banks Stockpile Record $1 Trillion of Foreign Exchange

    (Bloomberg) -- Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country.The pool has been growing as surging demand for Chinese goods during the pandemic has beefed up foreign earnings of exporters, while the resilient economy and strengthening currency have lured overseas investors to sell dollars for yuan to buy Chinese stocks and bonds. Bank deposits i

  • BlackBerry first-quarter revenue beats expectations, shares rise

    Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic. A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars. BlackBerry's shares are up over 90% so far this year.

  • How to Make Money in Real Estate Without Owning a Property

    There's a clever subset of real estate investors who aren't landlords at all. Here's how you can make a profit from real estate without owning a single rental property.

  • 10 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

    In this article, we examined the 10 best defensive stocks to buy today according to billionaire Ken Fisher with a beta of less than 1. If you want to skip our detailed analysis of Fisher’s history and hedge fund performance, go directly to the 5 Best Defensive Stocks to Buy Today According to Billionaire Ken […]

  • FedEx shares fall as labor woes weigh on 2022 outlook

    LOS ANGELES (Reuters) -Shares in U.S. delivery firm FedEx Corp shed more than 4% on Thursday after hiring difficulties tempered its 2022 earnings forecast. FedEx founder and CEO Fred Smith told analysts that operations at the Memphis-based company are being crimped by an inability to find enough workers. Widespread labor shortages are hitting FedEx in the form of "higher wage rates and lower productivity, particularly in the (current fiscal) first quarter, and this is reflected in our overall outlook for the year," Chief Financial Officer Mike Lenz said.

  • Suze Orman's 5 rules for avoiding the poorhouse in retirement

    The personal finance superstar doesn't want you running out of coin in your golden years.

  • 10 Best Stocks to Buy According to Chris James’ Engine No. 1

    In this article, we discuss the 10 best stocks to buy according to Chris James’ Engine No. 1. If you want to skip our detailed analysis of James’ history, and hedge fund performance, go directly to the 5 Best Stocks to Buy According to Chris James’ Engine No. 1. Activist investor Chris James is the […]

  • Dollar steady after U.S. inflation data misses estimates

    The U.S. dollar ended unchanged on Friday, erasing an early drop after tamer-than-expected producer price inflation, with investors continuing to evaluate whether that the Federal Reserve will act sooner to snuff out inflation if it persists. In the 12 months through May, the core PCE price index shot up 3.4%, the largest gain since April 1992. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, held steady following an upwardly revised 0.9% jump in April.

  • Haters Everywhere in Stock Market After S&P 500’s Big First Half

    (Bloomberg) -- People were already worried about equities six months ago. Now, after the S&P 500 Index defied everything from nosebleed valuations to inflation to post one of the best first halves ever, they’re downright paranoid.Wall Street strategists, never ones to restrain their enthusiasm when it’s warranted, warn that the gains have played out. Short sellers are circling, with wagers against the largest equity exchange-traded fund rising to the highest level this year. Star investors like

  • Mogul Who Built a $1.1 Billion Fortune Still Bikes to Work

    (Bloomberg) -- Marek Piechocki helped build a billion-dollar fortune, but the Polish tycoon isn’t letting it change his ways.The co-founder of LPP S.A., the country’s largest fashion retailer, shuns the limelight, even avoiding having his photograph taken, and still rides to work by bicycle rather than limousine.That’s even as his family foundation has accumulated about $1.1 billion in wealth, according to the Bloomberg Billionaires Index. LPP’s stock has more than doubled since November as inve

  • Micron Earnings Are Coming; Here’s What Matters

    Memory giant Micron (MU) will take center stage next week when it delivers May quarter (F3Q) results on Wednesday (June 30, AMC). As the company already made a positive preannouncement on the quarter’s action a few weeks ago, Deutsche Bank’s Sidney Ho isn’t anticipating “many surprises.” Micron sees revenue coming in at or even above the high end of the original $6.9-7.3 billion range it guided for, while EPS (between $1.55-1.69) and gross margins are also expected to put in a strong display. “T

  • The importance of stimmies, capital gains tax, and a killer meme—day traders reveal their investing secrets

    A new report reveals the investing habits and motivations of retail traders, a poorly understood force in the stock market.