Investors who take an interest in SKY Network Television Limited (NZSE:SKT) should definitely note that the Independent Chairman, Philip Bowman, recently paid NZ$2.69 per share to buy NZ$537k worth of the stock. That’s a very decent purchase to our minds and it grew their holding by a solid 50%.

Check out our latest analysis for SKY Network Television

SKY Network Television Insider Transactions Over The Last Year

Notably, that recent purchase by Philip Bowman is the biggest insider purchase of SKY Network Television shares that we’ve seen in the last year. That implies that an insider found the current price of NZ$2.70 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. In this case we’re pleased to report that the insider purchases were made at close to current prices.

While SKY Network Television insiders bought shares during the last year, they didn’t sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

SKY Network Television is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of SKY Network Television

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. From looking at our data, insiders own NZ$2.7m worth of SKY Network Television stock, about 0.7% of the company. I generally like to see higher levels of ownership.

So What Do The SKY Network Television Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we’d like to see, the history of transactions imply that SKY Network Television insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing SKY Network Television. At Simply Wall St, we’ve found that SKY Network Television has 2 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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 of direct interests only, but not derivative transactions or indirect interests.

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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.