The latest data from GuruFocus shows that EVP, Chief Legal Officer & Sec N/A bought 7000 shares of Kore Group Holdings Inc (KORE) on 2022-12-14.
When insiders buy shares of their company’s stock, it can often be a positive sign. It could signal that insiders are turning bullish on the future of their company. Insiders know far more about their company than the general public does, so it is worth paying attention to their trades. With this in mind, let’s take a look at this insider buy to see if Kore Group Holdings Inc deserves the attention of investors.
Kennedy Jack William Jr.’s trades
Over the past year, Kennedy Jack William Jr. has purchased 0 shares in total.
This means that Kennedy Jack William Jr. has been buying their company’s stock over the long term. This could be a positive sign for the stock’s future.
Insider trends
Some investors may wonder whether one insider’s buys are that important. Are other insiders buying the stock as well, or are other insiders selling?
The insider transaction history for Kore Group Holdings Inc shows than there have been 7 insiders buys in total over the past year. Meanwhile, there have been 0 insider sells over the same timeframe.
We like to see more insider buys compared to insider sells. This indicates a bullish trend among the company’s top executives and owners. The more insiders are buying, the more likely it is that the stock is undervalued.
Valuation
Shares of Kore Group Holdings Inc were trading for $1.855 apice on the day of Kennedy Jack William Jr.’s recent buy. This gives the stock a market cap of $142.662 Millions.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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