Victoria Hull Is The Independent Non-Executive Director of Alphawave IP Group plc (LON:AWE) And They Just Picked Up 322% More Shares

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simplywall.st, Oct. 08, 2021 – 

Investors who take an interest in Alphawave IP Group plc (LON:AWE) should definitely note that the Independent Non-Executive Director, Victoria Hull, recently paid UK£2.55 per share to buy UK£200k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 322%.

Alphawave IP Group Insider Transactions Over The Last Year

In fact, the recent purchase by Victoria Hull was the biggest purchase of Alphawave IP Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£2.70. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Alphawave IP Group share holders is that an insider was buying at near the current price. Victoria Hull was the only individual insider to buy shares in the last twelve months.

Does Alphawave IP Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Alphawave IP Group insiders own about UK£1.1b worth of shares (which is 59% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

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