From what we can see, insiders were net buyers. Qifu Technology, Inc. (NASDAQ:QFIN ) for the past 12 months. In other words, insiders acquired more shares than they sold.

While we don't think shareholders should simply follow insider transactions, logic suggests they should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Qifu Technology.

Insider transactions in Qifu Technology over the last 12 months

The biggest purchase by an insider in the last twelve months was when Chairman of the Board Hongyi Zhou bought US$25m worth of shares at a price of US$15.96 per share. So it's clear that insiders were willing to buy at a higher price than the current share price ($15.43). Their views may have changed after the acquisition, but this at least suggests they were confident in the company's future. We always pay attention to the prices insiders pay when buying stocks. Generally speaking, it attracts attention when insiders buy stock at a higher price than the current price because it suggests they believed the stock was worth buying, even at a higher price. . Chou Hongyi was the only individual insider to be acquired during the last year.

The chart below depicts insider transactions (by companies and individuals) over the past year. You can click on the graph below to see the exact details of each insider transaction.

NasdaqGS:QFIN Insider Trading Volume March 10, 2024

Qifu Technology isn't the only stock that insiders are buying.So take a look at this free A list of growing companies with insider buying.

Insider ownership

Another way to test the alignment between a company's leaders and other shareholders is to look at the number of shares they own. A high insider ownership often makes company leaders more focused on shareholder interests. Qifu Technology insiders own 14% of the company's shares, currently worth about US$352m, based on the recent share price. Most shareholders would welcome this type of insider ownership because it suggests management incentives are well aligned with other shareholders.

So what does this data suggest about Qifu Technology insiders?

The fact that Qifu Technology hasn't seen any recent insider trading certainly doesn't bother us. However, our analysis of last year's transactions is encouraging. It's great to see more insider buying, but overall Qifu Technology insiders are reasonably aligned (they own a significant portion of the company's stock) and are optimistic about the future. It seems like it is. In addition to knowing about ongoing insider transactions, it is useful to identify the risks facing Qifu Technology. What we found on Simply Wall Street: 2 warning signs for Qifu Technology It's worth paying attention to before buying stocks.

of course Qifu Technology may not be the best stock to buy.So you might want to see this free There are many high-quality companies here.

For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.

Valuation is complex, but we help make it simple.

Check out our comprehensive analysis to see if Qifu Technology is potentially overvalued or undervalued. Fair value estimates, risks and caveats, dividends, insider trading, and financial health.

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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.

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